Orient Overseas (International) Limited (OOIL) reported a solid second-quarter performance, driven by double-digit improvements in both volume and yield across most trade lanes.
For the three months ended 30 June 2026, group liner revenue climbed 19.8% year on year to USD 2.54 billion. Total liftings rose 8.8% to 2.14 million TEU, while loadable capacity expanded 6.3%, pushing the overall load factor up 1.9 percentage points. Average revenue per TEU increased 10.1%, underscoring firmer freight rates during the period.
Segment performance was led by the Trans-Pacific route, where revenue advanced 29.3% to USD 0.97 billion on a 21.5% rise in liftings. Asia/Europe income grew 17.6% to USD 0.52 billion, supported by a 6.9% volume increase. Intra-Asia/Australasia revenue expanded 16.8% to USD 0.85 billion with liftings up 3.9%. The Trans-Atlantic trade was the sole laggard, recording a 1.3% revenue decline to USD 0.19 billion despite a marginal 1.8% lift in volumes.
For the first half of 2026, liner revenue reached USD 4.68 billion, 5.5% higher than the prior-year period. Liftings totaled 4.13 million TEU, up 5.2%, broadly matching the 5.3% increase in loadable capacity. The overall load factor slipped slightly by 0.1 percentage point, while average revenue per TEU edged up 0.2%.
Management noted that these figures are derived from unaudited internal records and urged investors to exercise caution when interpreting the data. The company emphasized that operational performance remains subject to cost developments and broader market conditions.
Comments