HONG KONG's Orient Overseas Container Line (OOCL) has posted a second quarter 6.8 per cent revenue increase to US$1.5 billion, but also recorded a four per cent per-box rate fall, mitigated by a 6.5 per cent higher load factor.

OOCL reported an 11.2 per cent year-on-year increase in volume to 1.5 million TEU with increases led by the Asia-Europe trade lane where quarterly throughput rose 22.1 per cent to 254,067 TEU and revenues were up 24.4 per cent to $305 million.

The worst performing transatlantic trade lane saw volumes fall one per cent year on year to 100,775 TEU while revenue fell 2.1 per cent to $154 million.

The transpacific enjoyed a 12.7 per cent quarterly boost in volume to 336,940 TEU and intra-Asia/Australasia liftings were up 9.1 per cent over the same period to 761,411 TEU.