OOIL(00316): Orient Overseas (International) Ltd. reported total fourth quarter revenue of 2.514 billion US dollars, an increase of 55.0% year-on-year.

OOIL (00316) released the unaudited operating summary of Orient Overseas Container Line (OOCL) for the fourth quarter ending December 31, 2024. Total revenue for the fourth quarter ending December 31, 2024 increased by 55.0% compared to the same period last year, reaching $2.514 billion. Total carrying capacity increased by 6.1% and carrying capacity increased by 4.2%. Overall freight rates increased by 1.5% compared to the same period in 2023, and the overall average revenue per standard container increased by 46.2% compared to the fourth quarter of last year. Total revenue and total carrying capacity for the full year ending December 31, 2024 increased by 30.2% and 3.5% respectively compared to the same period last year. Carrying capacity increased by 0.3%, overall freight rates increased by 2.6% compared to the same period in 2023, and the overall average revenue per standard container increased by 25.8% compared to the same period last year.