OOIL announces operational update for 4th quarter 2009

January 20, 2010

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 2009 (ended 31st December 2009). The comparative figures for the fourth quarter of 2008 (ended 31st December 2008) are also disclosed in this announcement. For the fourth quarter of 2009 (ended 31st December 2009), total volumes were 4.1% down on the same period last year. Total revenues decreased by 22.7% to US Dollars 1,070.2 million. With a 16.8% decrease in loadable capacity, the overall load factor was 10.7% better than the same period in 2008. Overall average revenue per teu decreased by 19.4% compared to the fourth quarter of last year.

For the full year of 2009 (ended 31st December 2009), total volumes decreased by 14.0% over the same period last year and total revenues recorded a 35.2% decrease. The overall load factor was 3.8% lower than the corresponding period of 2008 despite a decrease of 9.6% in loadable capacity during this year. Overall average revenue per teu decreased by 24.7% compared with the same period last year.


Image by OOCL

Orient Overseas Container Line (OOCL)