"The following release was published by OOCL:
For the fourth quarter ended 31st December 2022, total revenues decreased by 34.8% to US Dollars 3,182.3 million, as compared to the same period in 2021. Total liftings and loadable capacity decreased by 5.6% and 2.6% respectively. The overall load factor was 2.7% lower than the same period in 2021. Overall average revenue per TEU decreased by 30.9% compared to the fourth quarter of last year.
For the year ended 31st December 2022, total revenues recorded growth of 19.1% and total liftings decreased by 6.0% over the same period last year. Loadable capacity decreased by 4.3%. The overall load factor was 1.5% lower than the same period in 2021. Average revenue per TEU increased by 26.7% compared to the same period last year.
Source: OOCL