OOCL, the first of the major carriers to report Q3 2025 operational results, has seen a disturbing fall in revenue despite volumes holding up.
In information released to the Hong Kong Stock Exchange last night, OOCL declared a 25.9% fall in liner revenue year-on-year, from US$3,056,253,000 to 2,264,213,000.
Total liftings increased by 0.7% from 1,932,841 TEU to 1,947,139 and the loadable capacity increased by 4.2%. The overall load factor was 2.8% lower than the same period in 2024. Overall average liner revenue per TEU decreased by 26.5% compared to the third quarter of last year.
Y-o-Y liftings fell massively on the biggest trade lanes, trans-Pacific (-4.7%) and Asia/Europe (-0.3%) but grew on the trans-Atlantic (22.8%) and Intra-Asia/Australasia (0.7%).
However, revenue collapsed trans-Pac (-33.2%), Asia-Europe (-38.3%) and to a lesser extent Intra-Asia/Australasia (-12.9%). Only trans-Atlantic rose (+25.4%).
In the first three quarters of 2025, to 30 September 2025, total liftings grew by 4.7% compared to 2024 but revenues fell by 89.3%.
For the Intra-Asia/Australasia sector, nine-month liftings rose by 5.6% from 5,609,486 TEU to 5,873,418 TEU and revenue also rose, by 4.2% from US$2,146,832,000 to 2,237,759,000.
As usual the OOCL Board cautioned that this operational update for the third quarter ended 30 September 2025 “is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor.”