OOCL’s volume, revenue up more than 5% in 3Q

Hong Kong liner carrier reports strong growth on Asia-Europe trade lane.

   OOCL, the Hong Kong-based container carrier, moved 1.42 million TEUs in the third quarter 2014, 5.3 percent more than in the same period a year earlier.
   Revenue was $1.5 billion during the quarter, an increase of 5.7 percent from the same period in 2013.
   According to an operational update supplied by its parent company, OOCL had particularly strong volume growth on the Asia-Europe lane where it moved 251,861 TEUs in the third quarter of 2014, 20.9 percent more than during the same quarter the prior year. In the intra-Asia and Australasia trades, the carrier moved 735,142 TEUs, an increase of 1.5 percent; in the transpacific, it moved 333,403 TEUs, 6.3 percent more; and in the transatlantic, 99,921 TEUs, a 2.5 percent decrease.
   For the third quarter of 2014 revenues by trade lane and their increase over the same period the prior year were: intra-Asia/Australasia, $532 million, up 2 percent; transpacific, $519 million, up 5.5 percent; and Asia-Europe, $310 million, up 17.3 percent. In the transatlantic, the company had revenue of $157 million, a slight 0.4 percent decrease over the same period the year prior.