OOCL Posts Increased Second Quarter Results

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 second quarter ended 30th June 2024. The comparative figures for the second quarter ended 30th June 2023 are also disclosed in this announcement.

For the second quarter ended 30th June 2024, total revenues increased by 14.4% to US Dollars 2,264.6 million, as compared to the same period in 2023. Total liftings increased by 0.9% and the loadable capacity decreased by 3.4%. The overall load factor was 3.6% higher than the same period in 2023. Overall average revenue per TEU increased by 13.4% compared to the second quarter of last year.

For the first six months ended 30th June 2024, total revenues increased by 2.2% and total liftings increased by 2.1% over the same period last year. Loadable capacity decreased by 0.7%. The overall load factor was 2.3% higher than the same period in 2023. Average revenue per TEU was similar to the same period last year.

Source: Orient Overseas