OOIL reveals operational updates for 3Q12

Total revenues increased by 10.9%.

According to a release, the Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient  Overseas Container Line on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the third quarter of 2012 (ended 30th September 2012). The comparative figures for the third quarter of 2011 (ended 30th September 2011) are also disclosed in this announcement.  

For the third quarter of 2012 (ended 30th September 2012), total volumes were 3.4% up on the same period last year. Total revenues increased by 10.9% to US Dollars 1,597.2 million. With an increase of 5.3% in loadable capacity, the overall load factor was 1.3% lower than the same period in 2011. Overall average revenue per teu improved by 7.2% compared to the third quarter of last year.

For the first nine months of 2012 (ended 30th September 2012), total volumes increased by 5.1% over the same period last year and total revenues recorded a 7.0% increase. Loadable capacity increased by 8.2%, and the overall load factor was 2.2% lower than the corresponding  period in 2011. Overall average revenue per teu increased by 1.7% compared to the same period last year