OOIL: Unaudited Quarterly Operational Update For The Fourth Quarter Ended 31st December 2012

2013-01-23

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the fourth quarter of 2012 (ended 31st December 2012). The comparative figures for the fourth quarter of 2011 (ended 31st December 2011) are also disclosed in this announcement. 
For the fourth quarter of 2012 (ended 31st December 2012), total volumes were 0.7% down from the same period last year. Total revenues increased by 5.6% to US Dollars 1,423.8 million. With an increase of 5.7% in loadable capacity, the overall load factor was 4.6% lower than the same period in 2011. Overall average revenue per teu improved by 6.4% compared to the fourth quarter of last year.
For the full year of 2012 (ended 31st December 2012), total volumes increased by 3.7% over the same period last year and total revenues recorded a 6.7% increase. Loadable capacity increased by 7.6%, and the overall load factor was 2.8% lower than the corresponding period in 2011. Overall average revenue per teu increased by 2.9% compared to the same period last year.

-- Source from Orient Overseas (International) Limited

Source from :

HEADLINES