OOIL Reports 6.5% Decline in Second Quarter Liner Revenue, Despite 4.4% Increase in Total Liftings

Reuters
07/11
OOIL Reports 6.5% Decline in Second Quarter Liner Revenue, Despite 4.4% Increase in Total Liftings

Orient Overseas (International) Limited (OOIL) has released its unaudited quarterly operational update for the second quarter ended June 30, 2025. The company reported a decrease in liner revenue by 6.5% to $2.118 billion compared to the same period in 2024. Despite the drop in revenue, total liftings increased by 4.4%, and loadable capacity saw a 7.5% rise. However, the overall load factor declined by 2.4%, and the average revenue per TEU decreased by 10.4% compared to last year's second quarter. For the first six months ending June 30, 2025, OOIL experienced a 4.4% increase in liner revenue, totaling $4.432 billion, and a 6.8% rise in total liftings compared to the same period in the previous year. In terms of revenue breakdown by service, the Trans-Pacific route saw an 18.3% decline in revenue for the quarter, amounting to $753.072 million, while revenue from the Asia/Europe route decreased by 14.7% to $442.944 million. Conversely, the Trans-Atlantic route experienced a significant increase in revenue by 25.4%, reaching $193.945 million. The Intra-Asia/Australasia route also saw a 9.0% increase in revenue, totaling $728.160 million for the quarter. The company's performance remains dependent on costs and expenses, and investors are advised to exercise caution when dealing in the shares of the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OOIL - Orient Overseas (International) Limited published the original content used to generate this news brief on July 11, 2025, and is solely responsible for the information contained therein.

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