Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ORIENT OVERSEAS (INTERNATIONAL) LIMITED

東方海外（ 國際） 有限公司 *

(Incorporated in Bermuda with limited liability)

(Stock code: 316)

UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE FOURTH QUARTER ENDED 31ST DECEMBER 2016

The Board of Directors (the "Board") of Orient Overseas (International) Limited (the "Company") has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line ("OOCL") on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the fourth quarter of 2016 (ended 31st December 2016). The comparative figures for the fourth quarter of 2015 (ended 31st December 2015) are also disclosed in this announcement.

For the fourth quarter of 2016 (ended 31st December 2016), total volumes were 20.2% up from the same period last year. Total revenues increased by 10.3% to US Dollars 1,302.4 million. Loadable capacity increased by 14.0%. The overall load factor was 4.4% higher than the same period in 2015. Overall average revenue per teu decreased by 8.2% compared to the fourth quarter of last year.

For the full year of 2016 (ended 31st December 2016), total volumes increased by 9.1% over the same period last year and total revenues recorded a 9.9% drop. Loadable capacity increased by 5.9%. The overall load factor was 2.5% higher than the same period in 2015. Overall average revenue per teu decreased by 17.4% compared to the same period last year.

ORIENT OVERSEAS CONTAINER LINE

LIFTINGS ( TEU's ) :

Q4 2016

Q4 2015

change

FY 2016

FY 2015

change

Trans-Pacific

439,620

336,556

+ 30.6%

1,558,495

1,318,025

+ 18.2%

Asia / Europe

264,410

206,600

+ 28.0%

950,649

893,807

+ 6.4%

Trans-Atlantic

104,323

95,232

+ 9.5%

395,927

365,773

+ 8.2%

Intra-Asia / Australasia

859,196

749,331

+ 14.7%

3,175,611

2,998,269

+ 5.9%

TOTAL ALL SERVICES

1,667,549

1,387,719

+ 20.2%

6,080,682

5,575,874

+ 9.1%

TOTAL REVENUE ( USD 000's ) :

Trans-Pacific

496,112

441,459

+ 12.4%

1,723,268

1,908,483

- 9.7%

Asia / Europe

217,663

177,119

+ 22.9%

765,798

883,651

- 13.3%

Trans-Atlantic

129,863

139,475

- 6.9%

517,530

569,313

- 9.1%

Intra-Asia / Australasia

458,799

422,592

+ 8.6%

1,694,553

1,857,470

- 8.8%

TOTAL ALL SERVICES 1,302,437 1,180,645 + 10.3% 4,701,149 5,218,917 - 9.9%

Performance is dependent upon costs and expenses

CAUTION STATEMENT

The Board wishes to remind investors that this operational update for the fourth quarter ended 31st December 2016 is based on the Group's internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the fourth quarter ended 31st December 2016. Investors are advised to exercise caution in dealing in the shares of the Company.

By order of the Board

Orient Overseas (International) Limited Lammy LEE

Company Secretary

Hong Kong, 27th January 2017

As at the date of this announcement, our Executive Directors are Messrs. TUNG Chee Chen, TUNG Lieh Cheung Andrew and TUNG Lieh Sing Alan; our Non-Executive Director is Professor Roger KING and our Independent Non-Executive Directors are Mr. Simon MURRAY, Mr. CHOW Philip Yiu Wah, Professor WONG Yue Chim Richard, Mr. CHENG Wai Sun Edward and Mr. KWOK King Man Clement.

* For identification purpose only website: http://www.ooilgroup.com

OOIL - Orient Overseas (International) Limited published this content on 27 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 January 2017 09:09:01 UTC.

Original documenthttp://www.ooilgroup.com/financials/resultannouncements/2016/Documents/E-Quarterly Operational Update Dec 16.pdf

Public permalinkhttp://www.publicnow.com/view/76F25FA00B5BEEF2816D4E37B879AFDD1C4DE4EC