Orient Overseas (International) Limited Reports Revenue and Operating Results for Fourth Quarter and the Year Ended December 31, 2019
For the year, total volumes increased by 3.8% over the same period last year and total revenues recorded a $6,275,589,000 compared to $5,963,189,000 a year ago.
For the quarter, the company's loadable capacity increased by 2.6%. The overall load factor was 1.8% lower than the same period in 2018. Overall average revenue per TEU increased by 2.4% compared to the third quarter of last year.
For the year, the company's loadable capacity increased by 4.0%. The overall load factor was 0.1% lower than the same period in 2018. Overall average revenue per TEU increased by 1.3% compared to the same period last year.