UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE SECOND QUARTER ENDED 30TH JUNE 2017
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 second quarter of 2017 (ended 30th June 2017). The comparative figures for the second quarter of 2016 (ended 30th June 2016) are also disclosed in this announcement.
For the second quarter of 2017 (ended 30th June 2017), total volumes were 6.6% up from the same period last year. Total revenues increased by 23.8% to US Dollars 1,405.9 million. Loadable capacity increased by 9.6%. The overall load factor was 2.3% lower than the same period in 2016. Overall average revenue per teu increased by 16.2% compared to the second quarter of last year.
For the first six months of 2017 (ended 30th June 2017), total volumes increased by 6.8% over the same period last year and total revenues recorded a 15.2% growth. Loadable capacity increased by 5.3%. The overall load factor was 1.2% higher than the same period in 2016. Overall average revenue per teu increased by 7.8% compared to the same period last year.
ORIENT OVERSEAS CONTAINER LINE
| LIFTINGS( TEU’s) : | Q2 2017 | Q2 2016 | change | 1H 2017 | 1H 2016 | change |
| Trans-Pacific | 471,612 | 375,071 | + 25.7% | 865,081 | 702,728 | + 23.1% |
| Asia / Europe | 295,216 | 233,658 | + 26.3% | 546,505 | 447,395 | + 22.2% |
| Trans-Atlantic | 108,577 | 97,030 | + 11.9% | 209,438 | 193,973 | + 8.0% |
| Intra-Asia / Australasia | 741,254 | 810,277 | – 8.5% | 1,465,652 | 1,546,112 | – 5.2% |
| TOTALALLSERVICES | 1,616,659 | 1,516,036 | + 6.6% | 3,086,676 | 2,890,208 | + 6.8% |
| REVENUE( USD 000’s) : | ||||||
| Trans-Pacific | 527,993 | 402,681 | + 31.1% | 971,709 | 803,325 | + 21.0% |
| Asia / Europe | 298,677 | 177,826 | + 68.0% | 525,969 | 354,161 | + 48.5% |
| Trans-Atlantic | 124,792 | 128,425 | – 2.8% | 243,404 | 261,504 | – 6.9% |
| Intra-Asia / Australasia | 454,438 | 427,072 | + 6.4% | 850,147 | 830,842 | + 2.3% |
| TOTALALLSERVICES | 1,405,900 | 1,136,004 | + 23.8% | 2,591,229 | 2,249,832 | + 15.2% |
Performance is dependent upon costs and expenses
CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2017 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the second quarter ended 30th June 2017. Investors are advised to exercise caution in dealing in the shares of the Company.
By order of the Board
Orient Overseas (International) Limited Lammy LEE
Company Secretary
Hong Kong, 28th July 2017
As at the date of this announcement, our Executive Directors are Messrs. TUNG Chee Chen, TUNG Lieh Cheung Andrew and TUNG Lieh Sing Alan; our Non-Executive Director is Professor Roger KING and our Independent Non-Executive Directors are Mr. Simon MURRAY, Mr. CHOW Philip Yiu Wah, Professor WONG Yue Chim Richard, Mr. CHENG Wai Sun Edward and Mr. KWOK King Man Clement.
