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OOCL boosts revenue in the first quarter

Hong Kong-based OOCL boosted both revenue and freight volumes in the first three months of the year, shows the Cosco-owned container carrier's interim report.

Photo: Bloomberg

Orient Overseas Container Line (OOCL) ended the first three months of the year with a 5.9 percent revenue growth year-on-year from USD 1,379 million to USD 1,460 million, shows OOCL's unaudited figures for the first quarter of 2019.

The Cosco-owned container liner's progress on the top line happened as a result of a 1.6 percent volume growth to approximately 1.6 million transported 20-foot containers (teu) in the period, while revenue per container improved by 4.2 percent.

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