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OOCL: Total volumes & revenues up in Q4 and full year
As per its unaudited operational updates, for the fourth quarter of 2019 (ended December 31, 2019), OOCL’s total volumes were 4.8 per cent up from the same period last year. Total revenues increased by 2.3 per cent to $ 1,602.8 million. Loadable capacity increased by 2.6 per cent. The overall load factor was 1.8 per cent higher than the same period in 2018. Overall average revenue per TEU decreased by 2.4 per cent compared to the fourth quarter of the previous year.
For the full year of 2019 (ended December 31, 2019), total volumes increased by 3.8 per cent over the same period last year and total revenues recorded a 5.2 per cent growth. Loadable capacity increased by 4 per cent. The overall load factor was 0.1 per cent lower than the same period in 2018. Overall average revenue per TEU increased by 1.3 per cent compared to the same period the previous year, informed a release.