OOCL Sales Up 3.5% to $5.8b in 2014

Maritime Activity Reports, Inc.

February 2, 2015

OOCL container loading on a vessel

OOCL container loading on a vessel

Orient Overseas Container Line (OOCL), a Hong Kong-based container shipping and logistics service company, posted a 3.5 percent year-on-year revenue increase in 2014 to US$5.8 billion. The carrier transported 5.5 percent more containers than in the previous year.

For the full year of 2014 (ended December 31, 2014), it handled 5,585,516 TEUs in 2014, an increase of 5.5% compared to 5,293,537 TEUs the company handled in 2013, according to an unaudited operational update issued.

The figures on profit will usually come in March. The Hong Kong-listed carrier reported a three percent increase in container volume, but per box revenue fell 1.9 percent year on year on a total throughput of 5.5 million TEU.
Asia-Europe revenue increased 14.4 percent year on year to $1.17 billion with the last quarter coming in at $275.1 million, up 8.7 percent. Transpacific revenue increased 2.7 percent to $1.97 billion in 2014 with the last quarter coming in at $479.5 million, up the same 2.7 percent year on year.
Transatlantic revenue fell 2.4 per cent to $600.5 million with the last quarter coming in at $145.3 million, down 3.3 percent.
OOCL is a member of the G6 Alliance with Hapag-Lloyd, NYK, APL, Hyundai and MOL.
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