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OOIL announces Operational Update for Q3 2021

Orient Overseas (International) Ltd sees total revenues increase 125.3% year-on-year

For the third quarter ended 30th September 2021, total revenues increased by 125.3% to US Dollars 4,313.7 million, as compared to the same period in 2020. This record result was achieved despite severe congestion around the network, which drove down liftings by 7.2% and loadable capacity by 7.6%.

The overall load factor was 0.4% higher than the same period in 2020. Overall average revenue per TEU increased by 142.7% compared to the third quarter of last year.

For the nine months ended 30th September 2021, total revenues recorded growth of 114.4% and total liftings increased by 9.6% over the same period last year. Loadable capacity increased by 5.9%. The overall load factor was 2.9% higher than the same period in 2020.
Average revenue per TEU increased by 95.6% compared to the same period last year.

Click here to view the full report.


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