OOIL: Major revenue and TEU traffic increase


Orient Overseas International Line (OOIL) saw its revenues and volumes increase by 119% and 15.4% respectively in Q2 2021.

In latest financial results, the company said its loadable capacity rose by 12.4% and revenue per TEU by 89.7% YoY.

For the first six months ended 30th June 2021, total volumes increased by 19.5% over the same period last year and total revenues recorded a 107.6% growth. Loadable capacity increased by 13.7%.

The overall load factor was 4.2% higher than the same period in 2020. Overall average revenue per TEU increased by 73.8% compared to the same period last year.

Measured by region, revenue rose most in Asia/Europe during Q2, where volumes rose by 203.6% Intra-Asia/Australasia was the second-best performing region and enjoyed an increase of 110.3%.

Its TEU traffic grew in all regions in Q2 except Trans-Atlantic, where handlings fell by 2.8% YoY. The best performing region was Intra-Asia/Australasia, which grew by 20.5% and the second-best was Asia/Europe, where volumes jumped 19.4%.