Orient Overseas Container Line (OOCL) announced that its total revenues dropped by 57.8% to approximately US$2.2 billion in the first quarter of 2023, compared to the same period in the previous year.
Additionally, the COSCO-owned container line reported that its total liftings fell slightly by 3.2% to around 1.7 million TEUs, while the company’s loadable capacity rose by 0.7%. The total load factor was 3.3% lower than in 2022 during the same time.
It is also important to mention that compared to last year’s first quarter, the overall average revenue per TEU fell by 56.4%.
