Major quarterly decline as OOCL gets back to pre-Covid normality
HONG KONG's Overseas Container Line (OOCL), a Cosco unit, suffered a 57.8 per cent year-on-year first quarter decline in sales to US$1.27 billion as liftings revenue fell 56.4 per cent during the same period.
Transpacific 2023 first quarter liftings fell 6.4 per cent to 446,037 TEU in 2023 as revenue dropped 65.6 per cent to $649,767. Asia-Europe liftings dropped 4.4 per cent to 387,871 TEU during the same period and revenue fell 67.9 per cent to $489,476. Intra-Asia/Australasia liftings also fell 49.9 per cent to 775,955 TEU as revenue slipped 4.3 per cent to US$724,377.
The only quarterly uptick for OOCL was on the transatlantic where liftings were up 25.5 per cent to 128,233 TEU and revenues increased 4.7 per cent year on year to $311,925.
source:{非本站域名}
- Evergreen's 24,000 TEU Ever Acme delivered 4 months ahead of schedule
- Major Chinese ports container volume up 2% in late November
- Japanese insurers to halt ship insurance for all of Russia
- Xeneta container rates alert: calm before storm, as long-term ocean freight rates hold steady ahead of expected new year pain
- APL England's box loss report finds ship's lashings in poor shape
