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30 November 2020 The on-line newspaper devoted to the world of transports 00:17 GMT+1



October 23, 2020

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Original news
OOCL files third quarter with new revenue records and the volumes of containerised cargoes transported

The historical peaks were obtained mainly thanks to the to the excellent results in the Asia-US and Asia-Europe markets

Record third quarter of 2020 for the Orient Overseas Container Line (OOCL) navigation of the group Chinese shipowner COSCO Shipping both in terms of turnover containerised cargoes carried by your fleet. In july-september of this year, in fact, the ships of the company transported containers totalling 1.95 million teu, a volume that represents an increase of +9.5% on the third quarter of 2019 and the new quarterly historical record for OOCL that had previously been achieved in the last quarter last year with almost 1.80 million teu.

The new historical peak of traffic has been achieved thanks to the new records of volumes transported to the main markets where the company is present except for that intra-Asian maritime services and Australasia who in the third quarter of this year transported 831,000 teu, volume +7.6% higher than in the same period 2019 and lower than only the historical record of 859,000 teu marked in the last quarter of 2016.

New records, on the other hand, have been set for containerised volumes transported by trans-Pacific services, Asia-Europe and transatlantic services. In the first market the total transported was 586,000 teu, with an increase in by +11.1% on the third quarter of 2019 when it was recorded the previous record. The new line record Asia-Europe is 391,000 teu and represents a growth of +6.9% on the period July-September 2019 and +6.8% on the previous record set in the second quarter of 2019. The new record for transatlantic services - previously equal to 127,000 achieved in the first quarter of this year - is of almost 142,000 teu, with an increase of +22.6% on the third quarter of 2019.

This activity generated record revenues for a total of $1.91 billion, an increase of +16.3% on the third quarter of last year what had been established the previous Record. The new historical peak has been reached thanks to the new revenue records from transatlantic services and asia-europe services, the first amounted to 825.3 million dollars, with a increase of +18.4% on the third quarter of 2019 when it was marked the previous record, and the latter equal to 395.2 million dollars, with an increase of +25.5% over the July-September period last year and an increase of +7.6% on the previous record in the second quarter of 2008.

Far from the record, which was set in the third quarter of 2008 with 207.3 million, the revenues produced by the oocl transatlantic partners who in the third quarter of this year amounted to $151.6 million, +2.4% higher compared to the same period of 2019. Intra-Asian and australasia generated revenues of 542.1 million dollars, up 11.5% on the third quarter of last year year (the record was set in the third quarter of 2012 with $551.5 million).


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