Orient Overseas Container Line (OOCL) reported reduced container volumes for 2022. COSCO-owned ocean carrier handled 7,129,358 TEUs, down 6% compared with the previous year.
On the other hand, OOCL’s total revenues increased significantly by 19.1% to over 18.6 billion in 2022.
“Average revenue per TEU increased by 26.7% compared to the same period last year,” noted OOCL in its statement, while the whole load factor was 1.5% lower than in 2021.
Additionally, the loadable capacity dropped by 4.3% in...
https://container-news.com/oocl-boosts-annual-revenues-amid-box-volume-decline/