OOCL sales plus 6.3% to $ 5.9 billion while volume up 9.9% to 6.69 million TEU

4the quarter OOCL’s sets 6.4 % increase

Hong Kong based container carries OOCL, Orient Overseas Container Lines, now part of Cosco, posted a 6.3 % year-on-year volume increase in 2018 to 6.69 million TEU which revenues of $ 5.9 billion, up 9.9 % on the previous year.

Fourth quarter volumes were up 6.4 % year on year to 1.71 million TEU which produced $ 462.3 million in revenue, said OOCL in a Hong Kong stock exchange filing.

Strongest growth Asia-Europe trade lane

In terms of liftings, Asia-Europe made the biggest gains in 2018, posting of 14.4 % to 1.3 million TEU, which was reflected in last quarter results of 1.30 million TEU up 14.5 % year on year. A-E’s annual revenue was up 7.7 % to $ 1.18 billion.

Coming in first by value. up 17.9 % to $2.06 billion in revenue, was the transpacific trade, whose volume increased 8.9 % to 1.8 billion TEU in 2018 while last quarter volume came in at 501,275 TEU, up 6.1 %

Trans-Atlantic performing bad

Coming in first by volume was intra-Asia, up 2.6 % to 2.91 billion TEU and producing $ 1.82 billion in annual revenue. Coming in last was the transatlantic trade, falling 0.9 % to year on year to 426,458 TEU generating annual revenue of $108,165 for the year.

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