OOCL Kuala Lumpur 9367176 CMA CGM Callisto-HyundaiSILKRAILS.WORDPRESS.com (GCTL8.com ā€“ FocusAsia Media Ltd

HONG KONG, Jul 31 (FAM) – Orient Overseas International Ltd (OOIL), parent of Hong Kong-based container carrier OOCL, has reported a surge of 23.8 per cent in revenues for the second quarter of the year to US$1.41 billion compared to the same period last year, due largely to increased revenues from the transpacific and Asia-Europe trades.

According to an unaudited financial update released by the Tung family-controlled company, average revenue per TEU rose 16.2 per cent from the second quarter of 2016, while volumes increasing 6.6 per cent to 1.62 million TEU, according to media reports.

OOCL’s second-quarter Asia-Europe volume rocketed 26.3 per cent to 295,216 TEU, followed closely by trans-Pacific volume, which expanded 25.7 per cent to 471,612 TEU. Trans-Atlantic volume in the quarter rose 11.9 per cent to 108,577 TEU but intra-Asia/Australasia volumes fell 8.5 per cent to 741,254 TEU.