OOCL saw growing cargo volumes in 1st quarter

Hong Kong carrier Orient Overseas Container Lines saw its cargo volumes grow almost 9 percent in the first quarter this year, compared to the same period last year.

Container carrier Orient Overseas Container Lines, which is listed on the Hong Kong Stock Exchange, experienced an 8.9 percent growth in transported cargo volumes in the first quarter of 2014 compared to the same period last year.

However, the company's revenue only increased by 1.7 percent, to USD 1387.5 million as the average revenue per container decreased by 6.6 percent.

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