Orient Overseas International Ltd. reported revenue and operating results for the fourth quarter and year ended December 31, 2016. For the quarter, total volumes were 20.2% up from the same period last year.

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.