OOCL revenues soar 65% in 3Q

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 third quarter of 2010 (ended 30th September 2010). The comparative figures for the third quarter of 2009 (ended 30th September 2009) are also disclosed in this announcement.

For the third quarter of 2010 (ended 30th September 2010), total volumes were 16.0% up on the same period last year. Total revenues increased by 65.5% to US Dollars 1,570.7 million. With a 10.4% increase in loadable capacity, the overall load factor was 3.9% better than the same period in 2009. Overall average revenue per teu increased by 42.6% compared to the third quarter of last year.

For the first nine months of 2010 (ended 30th September 2010), total volumes increased by
13.1% over the same period last year and total revenues recorded a 47.8% increase. Loadable capacity decreased by 1.1%, and the overall load factor was 10.2% higher than the corresponding period in 2009. Overall average revenue per teu increased by 30.7% compared to the same period last year.