OOCL Reports Record Results

For the first quarter ended 31st March 2022, total revenues increased by 71.0% to US Dollars 5,160.4 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 9.2% and loadable capacity by 6.5%. The overall load factor was 2.6% lower than the same period in 2021. Overall average revenue per TEU increased by 88.3% compared to the first quarter of last year.

CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the first quarter ended 31st March 2022 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the first quarter ended 31st March 2022. Investors are advised to exercise caution in dealing in the shares of the Company.
Source: Orient Overseas (International) Limited