OOIL Sales Up 10% to $1.3 bln
Orient Overseas (International) Ltd (OOIL) whose principal holding is its container unit OOCL, posted a 10.3% fourth quarter year-on-year revenue increase in 2016 to US$1.3 billion.
The total volumes were 20.2% up from the same period last year. Loadable capacity increased by 14.0%.
The overall load factor was 4.4% higher than the same period in 2015. Overall average revenue per teu decreased by 8.2% compared to the fourth quarter of last year.
For the full year of 2016 (ended 31st December 2016), total volumes increased by 9.1% over the same period last year and total revenues recorded a 9.9% drop. Loadable capacity increased by 5.9%.
The overall load factor was 2.5% higher than the same period in 2015. Overall average revenue per teu decreased by 17.4% compared to the same period last year.
