OOCL achieves growth in both revenue and volumes

SINGAPORE : Orient Overseas Container Line (OOCL) has announced increased revenues and volumes in the second quarter of the year compared to the same period in 2023.

In particular, the COSCO-owned ocean carrier reported US$2.26 billion revenues in the second quarter of 2024, translating to a 14.4% increase from the same quarter in the previous year.

Additionally, the total liftings of the box line in 2024 Q2 were increased by 0.9% to 1.88 million TEUs.

The overall average revenue per TEU increased by 13.4% compared to the second quarter of last year, according to OOCL’s results.

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Furthermore, for the first six months of the year, the company’s total revenues increased by 2.2% and total liftings increased by 2.1% over the same period last year. At the same time, OOCL’s average revenue per TEU was similar to the same period last year.