Orient Overseas Container Line (OOCL) posted a pronounced recovery in the second quarter of 2026, transitioning from the subdued conditions of the first quarter to a markedly improved operating climate by late June.
The Hong Kong‑based carrier recorded quarterly revenue of $2.537 billion, a 19.8 % increase year‑over‑year compared with $2.118 billion in the corresponding period of 2025.
This growth stemmed from higher volumes, better utilization, and improved pricing. Total liftings rose 8.8 % to 2.135 million twenty‑foot equivalent units (TEUs), buoyed by a 6.3 % increase in available capacity and a 1.9‑percentage‑point rise in the overall load factor.
Average liner revenue per TEU increased by 10.1 %, reflecting stronger market conditions on key east‑west trade lanes rather than merely higher volumes.
Performance differed by lane, with the trans‑Pacific route acting as the main catalyst for upside. Volume surged 21.5 % to 608,979 TEUs, and revenue climbed 29.3 % to $973.7 million.
The Asia‑Europe lane also posted gains, with liftings up 6.9 % and revenue rising 17.6 %. The intra‑Asia/Australasia segment remained the largest revenue contributor, generating $850.8 million—an increase of 16.8 % year‑over‑year. In contrast, the trans‑Atlantic trade was largely flat, edging down 1.3 % in revenue.
For the first half of 2026, liner revenue grew 5.5 % to $4.675 billion, while volume increased 5.2 % to 4.132 million TEUs. Average revenue per TEU stayed almost flat, rising just 0.2 %, underscoring how the second‑quarter rebound more than compensated for a slower first half.
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