Orient Overseas Container Line (OOCL), a subsidiary of Orient Overseas (International) Limited, has released its unaudited operational update for the second quarter ended 30 June 2025, revealing a mixed performance across its major trade lanes.
For the second quarter of 2025, liner revenue fell by 6.5 per cent year on year (YoY) to $2.1 billion, despite a 4.4 per cent increase in total liftings (1.96 million TEUs).
Loadable capacity rose by 7.5 per cent, but the overall load factor declined by 2.4 per cent compared to the same period in 2024.
The company also reported a 10.4 per cent decrease in average revenue per TEU.
Looking at the first half of the year, liner revenue increased by 4.4 per cent to $4.43 billion, and total liftings rose by 6.8 per cent (3.92 million TEUs) over the same period last year.
Loadable capacity was up 8 per cent, while the overall load factor slipped by 0.9 per cent.
OOCL reported that average revenue per TEU for the first six months was 2.2 per cent lower than in the first half of 2024.
Other key figures reported include:
- Trans-Pacific: Q2 liftings dropped by 4.3 per cent to 501,364 TEUs, with revenue down 18.3 per cent to $753 million. However, for the first half of 2025, liftings increased by 8.7 per cent YoY.
- Asia / Europe: Q2 liftings rose by 3.1 per cent, but revenue fell by 14.7 per cent. For the first half, liftings were down 0.6 per cent, and revenue decreased by 6.4 per cent.
- Trans-Atlantic: Q2 liftings surged by 20.5 per cent to 147,824 TEUs, with revenue up 25.4 per cent. First half figures showed liftings up 14.2 per cent and revenue up 18 per cent.
- Intra-Asia Australasia: Q2 liftings increased by 7.9 per cent and revenue by 9 per cent. First half liftings were up 7.7 per cent, and revenue rose 16.2 per cent.
Earlier this year, OOCL announced that Q4 2024 saw an increase in total revenues by 55 per cent to $2.5 million compared to the same period in 2023. Total liftings increased by 6.1 per cent, and the loadable capacity increased by 4.2 per cent.
