For the second quarter of 2016 ended June 30, 2016, Orient Overseas Container Line (OOCL) reported a 6.6% rise in total volumes, up from 1.42 million TEUs to 1.52 million TEUs. However, total revenue decreased from US$1.36 billion to $1.14 billion and overall average revenue per TEU decreased by 21.8%.
For the first half, total volumes increased by 5.5% to 2.89 million TEUs from 2.74 million TEUs previously and total revenues fell 16.9% to $2.25 billion from $2.71 billion previously.
New Far East-Adriatic sling
Meanwhile, the Hong Kong-registered company is introducing next month its Asia-Adriatic service (AAS) for the Asia-Europe trade, a new route that will extend the carrier’s existing Mediterranean network to the Adriatic region.
The AAS provides direct linkage between Asia and Adriatic ports, offering more competitive and reliable services than transshipment options, said an official company release. “It is the only dedicated service with coverage between Asia and the Adriatic region, including Italy, Slovenia and Croatia, on top of our extensive inland network throughout Central Europe.”
The AAS port rotation is Shanghai-Ningbo-Busan-Chiwan-Tanjung Pelepas-Port Klang-Koper-Trieste-Rijeka-Venice-Koper-Malta-Jeddah-Port Klang-Tanjung Pelepas-Nansha-Shanghai.
For its maiden sailing, the service’s westbound voyage has an estimated time of arrival (ETA) at Shanghai of August 25, while eastbound voyage has an ETA at Koper of September 24.
Photo: Modlem
