OOCL Q4 Revenue Drops

20 January 2010 (Last Updated January 20th, 2010 18:30)

Orient Overseas International said Q4 revenues have fallen at its container line to $1.07bn, bringing total revenue for the year to $3.84bn. Orient Overseas Container Line's (OOCL) saw revenues fall by 22.7% and volume decrease by 4.1% compared to the same time a year ago. The

Orient Overseas International said Q4 revenues have fallen at its container line to $1.07bn, bringing total revenue for the year to $3.84bn.

Orient Overseas Container Line’s (OOCL) saw revenues fall by 22.7% and volume decrease by 4.1% compared to the same time a year ago.

The company’s average revenue per teu decreased by 19.4% compared to Q4 2008 and average revenue per teu decreased by 24.7% for the full year 2009.

OOCL’s load factor fell by 3.8% for 2009 despite a decrease of 9.6% in loadable capacity, the company said.