Orient Overseas (International) Limited announces operational update for the 4th Quarter 2021

'For the year ended 31st December 2021, total revenues recorded growth of 110.2%'

For the fourth quarter ended 31st December 2021, total revenues increased by 101.4% to US Dollars 4,880.5 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 16.9% and loadable capacity by 14.3%. The overall load factor was 2.7% lower than the same period in 2020. Overall average revenue per TEU increased by 142.3% compared to the fourth quarter of last year.

For the year ended 31st December 2021, total revenues recorded growth of 110.2% and total liftings increased by 1.7% over the same period last year. Loadable capacity increased by 0.2%. The overall load factor was 1.3% higher than the same period in 2020. Average revenue per TEU increased by 106.7% compared to the same period last year.

Click here to read the full statement.

For more information: oocl.com

 


Publication date:



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber