oocl container ship

Orient Overseas Container Lines (OOCL) has released its second quarter results, with total volumes up 11.2 per cent to 1.45m TEU compared to the same period last year, ending 30 June.

Total revenues for the Hong Kong-based shipping company increased 6.8 per cent to US$1.5bn in the second quarter, with the biggest revenue rise in the Asia/Europe lines, up 24.4 per cent.

In terms of the first six months of the year, total volumes were up 10.1 per cent, with a 4.3 per cent increase in total revenue compared to the first half of 2013.

Overall, total volume and revenue were up across the Trans-Pacific, Asia/Europe and Intra-Asia/Australasia lines, but down on the Trans-Atlantic lines, which dropped 1.2 per cent in terms of volume in the first half of 2014, compared to the same period in 2013.