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18 May 2022 The on-line newspaper devoted to the world of transports 05:32 GMT+2



April 19, 2022

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Original news
OOCL sets a new all-time record for quarterly revenues

In the first three months of this year containerized cargoes transported by the fleet decreased by -9.2%

If in the first quarter of this year, for the third period consecutive quarterly, the volumes of containerized cargoes transported by the fleet of the shipping company Orient Overseas Container Line (OOCL) of the Chinese shipowning group COSCO Shipping have decreased, the revenues generated by this activity, thanks to the exceptional increase in maritime freight, they have instead reached a new record level surpassing the previous one established in the last quarter of 2021 which in turn, as happened consecutively since the fourth quarter of 2020, had exceeded that marked in the previous quarter.

A total of revenues that in the first quarter of 2022 has exceeded the threshold of five billion dollars for the first time having amounted to 5.16 billion, with a substantial increase in +71.0% on the first three months of last year. New revenue record which was produced both by the new historical peak of revenues produced by transpacific maritime services which amounted to 1.89 billion dollars (+83.0%), both from the new historical peak of the revenues generated by Asia-Europe services amounted to €1.53 billion of dollars (+77.6%) that from the new all-time high in revenues produced by intra-Asian services and with Australasia that are results pairs to 1,45 billion dollars (+49.3%). Revenues generated by transatlantic services have recorded a remarkable increase of +89.2% being results equal to 297.8 million dollars, a figure that is 2.5 million less than that totaled in the last quarter of last year.

In the first three months of this year the container fleet of the OOCL transported cargo volumes of 1.80 million teu, with a decrease of -9.2% on the corresponding period of the 2021. On transpacific routes alone, 477,000 were transported teu (-15.4%), on those Asia-Europe 406 thousand teu (+1.9%), volume that represents the new record for this market in the first quarter of the year, on transatlantic sea routes were transported 102 thousand teu (- 21.8%) and on intra-Asian routes and with Australasia 811 thousand teu (-8.4%).







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