The Logistician
  • Tiếng ViệtTiếng Việt
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Login
  • Register
No Result
View All Result
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Tiếng ViệtTiếng Việt
  • Login
  • Register
No Result
View All Result
The Logistician
No Result
View All Result

OOCL revenue up in turbulent times

Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic

September by September
12/05/2020
in Blog
Doanh thu OOCL tăng khi thị trường hỗn loạn

During the turbulent times of the coronavirus pandemic, Orient Overseas Container Line (OOCL) managed to increase its year-over-year first-quarter revenue by 5.5%.

Parent company Orient Overseas (International) Ltd. (OOIL) reported that OOCL had Q1 revenue of $1.54 billion, compared to $1.46 billion in 2019.

While revenue for the trans-Pacific trade was flat at $558.4 million, intra-Asia/Australasia was up 10.8% to $505.4 million and the trans-Atlantic trade up 6% to $149 million.

OOCL’s Q1 volumes in total were down only 0.4% year-over-year, from 1,605,564 twenty-foot equivalent units (TEUs) to 1,598,422. The largest volume gain was in the trans-Atlantic, up 8.7%, while the biggest decline was in intra-Asia/Australasia, down 4.5%.

The two-page operational update said loadable capacity decreased by 1.7% during Q1; the overall load factor was 1.1% higher year-over-year; and average revenue per TEU increased 6% from the same period last year.

OOIL typically releases bare-bones quarterly reports ahead of most container carriers’ financials. OOCL traditionally has outperformed much of the liner industry.

Last month Hong Kong-based OOCL announced it had signed contracts for five 23,000-TEU container ships, each costing $155.6 million. Delivery is expected to begin in 2023.

China’s COSCO Shipping Holdings acquired a 75% stake in OOIL in 2018. OOCL, COSCO, CMA CGM and Evergreen are members of the Ocean Alliance, one of the space-sharing agreements among container liner companies.

OOIL said in March it realized a $1.15 billion profit from the sale of the Long Beach Container Terminal and that its full-year gross profit increased from $712 million to $809 million.

“It is a tribute to the professionalism and the ‘we take it personally’ spirit of our staff that we managed to navigate these challenging times so smoothly,” OOIL said.

Source: https://www.freightwaves.com

Tags: Growth

Related Posts

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

01/07/2022
0
TP Hồ Chí Minh xem xét chuyển đổi mục đích sử dụng một số khu công nghiệp sang logistics

Ho Chi Minh City considers converting some industrial parks into logistics

29/06/2022
0
Image: Thu Trang

DB Schenker’s agreement to acquire USA Truck

28/06/2022
0
Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

22/06/2022
0
FedEx invests in FourKites to build intelligent supply chain platform

FedEx invests in FourKites to build intelligent supply chain platform

22/06/2022
0
LG Electronics “shake hand” with CJ Logistics to develop logistics robots

LG Electronics “shake hand” with CJ Logistics to develop logistics robots

19/06/2022
0

ĐỀ XUẤT NÊN ĐỌC

Long An: Quy hoạch 6 trung tâm logistics

Long An: Planning six logistics centers

2 years ago
0
COSCO Partners With Tesla To Digitize Data And Stabilize Logistics Networks

COSCO Partners With Tesla To Digitize Data And Stabilize Logistics Networks

2 years ago
0
Olympic Tokyo 2020: Kỳ thế vận hội đáng nhớ với logistics chặng cuối

Tokyo 2020: A memorable Olympics with last-mile logistics

2 years ago
0
15 công ty Nhật dự kiến rời Trung Quốc sang Việt Nam

15 Japanese enterprises are planning to shift their supply chains to Vietnam

3 years ago
0
ADVERTISEMENT

THẺ NỔI BẬT

ACQUISITIONaircraftairlinesamazonAppleblockchainBoeingchinachip supply chainCMA CGMcontainerContainer shortageCovid-19covid19crisisDHLe-commerceEVFTAexportfedexgoodsinfrastructureInvestmentLNGlogisticsLogistics centerM&Amaerskportport congestionRAILWAYRussiaRussia-Ukraineseasupply chainSupply chain disruptiontechnologyThai AirwaysthailandtransportusvietnamVietnam AirlineswalmartWarehouse
ADVERTISEMENT

TIN TỨC PHỔ BIẾN

  • Uniqlo Supply Chain Management

    Uniqlo Supply Chain Management

    0 shares
    Share 0 Tweet 0
  • Certificates that advance your career in Logistics and supply chain management

    0 shares
    Share 0 Tweet 0
  • Procurement and Apple’s strategy

    0 shares
    Share 0 Tweet 0
  • A Comprehensive Guide on the Shipping Industry’s many Bills of Lading

    0 shares
    Share 0 Tweet 0
  • How Aviation Fuel Differs From Regular Fuel

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube RSS
The Logistician

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

  • Login
  • Sign Up
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

-
00:00
00:00

Danh sách

Update Required Flash plugin
-
00:00
00:00