Hong Kong-headquartered container shipping line OOCL today issued its fourth quarter 2024 operational update, giving the industry the first glimpse of how carriers fared over the last three months.
Total liftings in the fourth quarter amounted to 1,985,990 teu, a 6.1% year-on-year gain on the 1,872,439 teu carried in the fourth quarter of 2023.
Full year liftings for 2024 came in at 7,595,476 teu, a 3.5% rise over 2023 and indicating that OOCL might have lost some market share over last year as industry-wide volume growth is expected to register in the 5%-6% range.
Its capacity in the final quarter grew 4.2% and it said its load factor for the period was 1.5% higher that the fourth quarter of 2023.