OOCL’s revenue skyrockets in Q3 2024

Orient Overseas Container Line (OOCL)’s overall revenue in the third quarter of 2024 has increased by 73.7 per cent to $3.05 billion.

Total lifting rose by 3.6 per cent, while loadable capacity declined by 1.6 per cent. The total load factor increased by 4.2 per cent compared to the same time in 2023.

Overall, average revenue per TEU jumped by 67.6 per cent over the third quarter of previous year.

In the first nine months of 2024, overall revenues climbed by 23.4 per cent and total liftings by 2.6 per cent compared to the same time in the previous year.

Loadable capacity dropped by 1.0 per cent. The total load factor was 3.0 per cent greater than in the same time of 2023.

The average income per TEU climbed by 20.3 per cent from the same time previous year.

In August, OOCL and its partners teamed up to promote low-carbon shipping solutions and use cleaner fuel to reduce supply chain emissions.