OOIL Reports 6.5% Decline in Second Quarter Liner Revenue, Despite 4.4% Increase in Total Liftings
Reuters
Jul 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.