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09 August 2022 The on-line newspaper devoted to the world of transports 03:00 GMT+2

July 6, 2022

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Original news
In the second quarter of this year, OOCL revenues were increased by +52.4%

Containerized cargoes transported by the fleet are decreased by -5.6%

Graphs like the one we have elaborated and that presents the evolution of the volumes of goods in containers transported by the fleet of the Chinese Orient Overseas Container Line (OOCL) and revenues generated by this activity should convince those, now few and less and less among the workers in the sector, who still persist in framing the recent evolution of tariffs of maritime transport in the traditional cyclical trend of the market that things are not like that. It is evident that what has happened in this market since second half of 2020, coinciding with the spread of the Covid-19 pandemic globally, has nothing to do with it do with historical precedents. The surge in the value of freight seafarers that generated the exceptional increase in revenues recorded by OOCL in recent quarters, however coinciding with a marked decrease in the volumes of loads transported by ships of the fleet, is a feature common to all other major containerized shipping companies worldwide, decrease in volumes embarked included.

In the second quarter of this year the increase in revenues products from the activity of its fleet showed a slight attenuation compared to previous quarters, but it is still always of a robust percentage change of +52.4% and moreover based on a value of revenues for the corresponding quarter of 2021 which had marked an extraordinary increase of +119.0 on the second quarter of 2020. In the period April-June of 2022 OOCL has total revenues of $5.28 billion, versus $3.47 billion billion in the same period last year, of which 2.07 billions of dollars generated by maritime services operated in the Pacific (+73.7%), 1.45 billion from intra-Asian services and with Australasia (+42.6%), 1.39 billion from containerized services Asia-Europe (+36.0%) and $372.4 million from services transatlantic (+57.8%).

In the second quarter of this year the company's fleet Chinese transported containerized cargo amounting to 1.84 million teu, with a decrease of -5.6% on the corresponding period of the 2021 which represents the fourth percentage change in sign consecutive negative. The largest volumes were transported on intra-Asian routes and with Australasia, amounted to 849 thousand teu (-3.0%). On the transpacific routes are 475 thousand teu were transported (-12.1%), on the Asia-Europe routes 403 thousand teu (-1.9%) and on the transatlantic ones 112 thousand teu (-8.5%).

In the first half of 2022, OOCL's container ships have transported a total of 3.63 million teu, with a drop in -7.4% on the first half of last year, and this activity produced revenues of 10.44 billion dollars (+61.0%).

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