OOIL announces operational update for the 1st quarter 2022

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the first quarter ended 31st March 2022. The comparative figures for the first quarter ended 31st March 2021 are also disclosed in this announcement.

For the first quarter ended 31st March 2022, total revenues increased by 71.0% to US Dollars 5,160.4 million, as compared to the same period in 2021. This record result was achieved despite severe congestion around the network, which drove down liftings by 9.2% and loadable capacity by 6.5%. The overall load factor was 2.6% lower than the same period in 2021. Overall average revenue per TEU increased by 88.3% compared to the first quarter of last year.

Source: OOIL

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