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            november 14, 2019

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OOIL posts 5.7pc revenue increase


Hong Kong's Orient Overseas (International) Limited, parent of its wholly owned container line OOCL, posted at 5.7 per cent year-on-year increase in third quarter revenue to US$1.51 billion, according to Shipping Gazette.
The Bermuda-incorporated company, also reported a year-on-year revenue gain of 4.8 per cent to US$4.41 billion in the first nine months of the year.
Third quarter per box revenue was up 0.5 per cent, said the OOIL statement, but declined 3.3 per cent in the first nine month year on year.
Loadable capacity increased 1.3 per cent, said the filing to the Hong Kong stock exchange. The overall load factor was 2.9 per cent better than in the same period in 2013.
For the first nine months of 2014, total volumes increased by 8.4 per cent over the same period last year and total revenues recorded 4.8 per cent growth.
Loadable capacity increased 2.3 per cent. The overall load factor was 4.3 per cent higher than in the same period in 2013.
The OOIL executive board is made up of Tung Chee Chen, Tung Lieh Cheung Andrew and Tung Lieh Sing Alan. Non-executive directors are Roger King and Chow Philip Yiu Wah and independent non-executive directors are Simon Murray, Chang Tsann Rong Ernest,Wong Yue Chim Richard and Cheng Wai Sun Edward.

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