Orient Overseas International Ltd. Reports Revenue and Operating Results for the Fourth Quarter and Year Ended December 31, 2016
For the quarter, total revenues increased by 10.3% to USD 1,302.4 million. 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, total volumes increased by 9.1% over the same period last year.
For the full year, 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.