The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the third quarter of 2016 (ended 30th September 2016). The comparative figures for the third quarter of 2015 (ended 30th September 2015) are also disclosed in this announcement.
For the third quarter of 2016 (ended 30th September 2016), total volumes were 5.2% up from the same period last year. Total revenues decreased by 13.8% to US Dollars 1,148.9 million. Loadable capacity increased by 0.7%. The overall load factor was 3.6% higher than the same period in 2015. Overall average revenue per teu decreased by 18.1% compared to the third quarter of last year.
For the first nine months of 2016 (ended 30th September 2016), total volumes increased by 5.4% over the same period last year and total revenues recorded a 15.8% drop. Loadable capacity increased by 3.2%. The overall load factor was 1.7% higher than the same period in 2015. Overall average revenue per teu decreased by 20.1% compared to the same period last year.
ORIENT OVERSEAS CONTAINER LINEQ3 2016Q3 2015changeQ1-Q3 2016Q1-Q3 2015changeLIFTINGS (TEU’s) :Trans-Pacific416,147365,162+ 14.0%1,118,875981,469+ 14.0%Asia / Europe238,844222,872+ 7.2%686,239687,207– 0.1%Trans-Atlantic97,63190,366+ 8.0%291,604270,541+ 7.8%Intra-Asia / Australasia770,303769,064+ 0.2%2,316,4152,248,938+ 3.0%TOTAL ALL SERVICES1,522,9251,447,464+ 5.2%4,413,1334,188,155+ 5.4%TOTAL REVENUE (USD 000’s) :Trans-Pacific423,831518,127– 18.2%1,227,1561,467,024– 16.4%Asia / Europe193,974210,215– 7.7%548,135706,532– 22.4%Trans-Atlantic126,163143,786– 12.3%387,667429,838– 9.8%Intra-Asia / Australasia404,912460,342– 12.0%1,235,7541,434,878– 13.9%TOTAL ALL SERVICES1,148,8801,332,470– 13.8%3,398,7124,038,272– 15.8%Performance is dependent upon costs and expensesCAUTION STATEMENT
The Board wishes to remind investors that this operational update for the third quarter ended 30th September 2016 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the third quarter ended 30th September 2016. Investors are advised to exercise caution in dealing in the shares of the Company.
Source: OOIL (LF)
Source: OOIL