|
|
|
|
|
|
|
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
|
|
|
|
|
International Shipping |
|
| OOCL's Q2 sales slide on lower transpac, Asia-Europe rates |
|
Date:2025-07-17 Readers:
|
OOCL's transpacific revenues fell 18 per cent to US$753 million in the second quarter from $922 million a year earlier.
OOCL's second-quarter revenues dropped 6.5 per cent year over year to $2.1 billion amid falling freight rates on transpacific and Asia-Europe services, the carrier said in its quarterly update.
The revenue decline came despite a 4.4 per cent increase in total container volumes to two million TEU, the carrier said.
OOCL, the liner offshoot of Hong Kong-listed Orient Overseas (International), a Cosco Shipping Holdings subsidiary, said second-quarter transpacific revenues were also hit by a 4.3 per cent fall in container volumes to 501,814 TEU.
OOCL said revenue from Asia-Europe services dropped 15 per cent to $443 million in the April-June period despite a 3 per cent increase in liftings to 361,722 TEU.
Intra-Asia and Australasia remained OOCL's biggest contributor to revenue and volumes after the carrier saw a nine per cent increase to $728 million in second-quarter revenue. Liftings climbed eight per cent to 951,940 TEU.
Revenue from transatlantic services surged 25 per cent to $194 million, while container volumes rose 21 per cent to 147,824 TEU.
https://www.shippingazette.com/news?news_id=9250700000856
|
|
Back:
Red Sea shipping crisis deteriorates rapidly
Next:
CMA CGM ends Indian VSAs with Hapag-Lloyd and Maersk
|
|
|
|
|
|
|
