Hong Kong-based Orient Overseas Container Line (OOCL) has reported a 65% increase in 2010 third-quarter revenues of $1.6bn, compared with $970m in the same quarter a year ago.
During the quarter ending 30 September 2010, the company shipped 1.2 million TEU of box cargo, a rise of 16% against 1.1 million TEU in the previous year.
OOCL said its overall average revenue per TEU increased by 42.6% when compared with the third quarter of last year.
For the first nine months of the year the company’s total volumes increased by 13.1% over the same period last year and total revenues posted a 47.8% increase.
OOCL attributed the growth to a rise in freight rates, especially on its transpacific routes.