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OOCL Achieves Record Second Quarter Results

For the second quarter ended 30th June 2022, total revenues increased by 52.4% to US Dollars 5,285.0 million, as compared to the same period in 2021. This record result was achieved despite severe congestion around the network, which drove down liftings by 5.6% and loadable capacity by 6.1%. The overall load factor was 0.5% higher than the same period in 2021. Overall average revenue per TEU increased by 61.5% compared to the second quarter of last year. For the first six months ended 30th June 2022, total revenues recorded growth of 61.0% and total liftings decreased by 7.4% over the same period last year. Loadable capacity decreased by 6.3%. The overall load factor was 1.1% lower than the same period in 2021. Average revenue per TEU increased by 74.0% compared to the same period last year.
Source: OOCL

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