Hong Kong-based liner OOCL reports $2.537 billion in Q2 revenue, driven by a 21.5% surge in trans-Pacific volumes.
Orient Overseas Container Line posted a 19.8% year-over-year increase in second-quarter revenue to $2.537 billion, reversing softer first-quarter trends. The gain was fueled by higher volumes, improved utilization, and firmer pricing, particularly on east-west trade lanes.
Total liftings rose 8.8% to 2.135 million TEUs, with the trans-Pacific route leading growth at 21.5% volume growth and 29.3% revenue increase to $973.7 million. Asia-Europe and Intra-Asia/Australasia also contributed, while trans-Atlantic revenue dipped 1.3%.
First-half revenue climbed 5.5% to $4.675 billion, with volumes up 5.2% to 4.132 million TEUs. Average revenue per TEU edged up just 0.2%, signaling volume-driven gains.