OOCL reports 55% Higher Revenues for the Fourth Quarter

SINGAPORE : The Board of Directors of Orient Overseas (International) Limited has announced unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the fourth quarter ended 31st December 2024. The comparative figures for the fourth quarter ended 31st December 2023 are also disclosed in this announcement.

For the fourth quarter ended 31st December 2024, total revenues increased by 55.0% to US Dollars 2,513.8 million, as compared to the same period in 2023. Total liftings increased by 6.1% and the loadable capacity increased by 4.2%. The overall load factor was 1.5% higher than the same period in 2023. Overall average revenue per TEU increased by 46.2% compared to the fourth quarter of last year. For the year ended 31st December 2024, total revenues increased by 30.2% and total liftings increased by 3.5% over the same period last year. Loadable capacity increased by 0.3%. The overall load factor was 2.6% higher than the same period in 2023. Average revenue per TEU increased by 25.8% compared to the same period last year.