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ORIENT OVERSEAS (INTERNATIONAL) LIMITED東方海外( 國際) 有限公司 *
(Incorporated in Bermuda with limited liability)
(Stock code: 316)
UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE FOURTH QUARTER ENDED 31ST DECEMBER 2016The 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 fourth quarter of 2016 (ended 31st December 2016). The comparative figures for the fourth quarter of 2015 (ended 31st December 2015) are also disclosed in this announcement.
For the fourth quarter of 2016 (ended 31st December 2016), total volumes were 20.2% up from the same period last year. Total revenues increased by 10.3% to US Dollars 1,302.4 million. Loadable capacity increased by 14.0%. The overall load factor was 4.4% higher than the same period in 2015. Overall average revenue per teu decreased by 8.2% compared to the fourth quarter of last year.
For the full year of 2016 (ended 31st December 2016), total volumes increased by 9.1% over the same period last year and total revenues recorded a 9.9% drop. Loadable capacity increased by 5.9%. The overall load factor was 2.5% higher than the same period in 2015. Overall average revenue per teu decreased by 17.4% compared to the same period last year.
ORIENT OVERSEAS CONTAINER LINELIFTINGS ( TEU's ) : | Q4 2016 | Q4 2015 | change | FY 2016 | FY 2015 | change |
Trans-Pacific | 439,620 | 336,556 | + 30.6% | 1,558,495 | 1,318,025 | + 18.2% |
Asia / Europe | 264,410 | 206,600 | + 28.0% | 950,649 | 893,807 | + 6.4% |
Trans-Atlantic | 104,323 | 95,232 | + 9.5% | 395,927 | 365,773 | + 8.2% |
Intra-Asia / Australasia | 859,196 | 749,331 | + 14.7% | 3,175,611 | 2,998,269 | + 5.9% |
TOTAL ALL SERVICES | 1,667,549 | 1,387,719 | + 20.2% | 6,080,682 | 5,575,874 | + 9.1% |
Trans-Pacific | 496,112 | 441,459 | + 12.4% | 1,723,268 | 1,908,483 | - 9.7% |
Asia / Europe | 217,663 | 177,119 | + 22.9% | 765,798 | 883,651 | - 13.3% |
Trans-Atlantic | 129,863 | 139,475 | - 6.9% | 517,530 | 569,313 | - 9.1% |
Intra-Asia / Australasia | 458,799 | 422,592 | + 8.6% | 1,694,553 | 1,857,470 | - 8.8% |
Performance is dependent upon costs and expenses
CAUTION STATEMENTThe Board wishes to remind investors that this operational update for the fourth quarter ended 31st December 2016 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 fourth quarter ended 31st December 2016. Investors are advised to exercise caution in dealing in the shares of the Company.
By order of the Board
Orient Overseas (International) Limited Lammy LEECompany Secretary
Hong Kong, 27th January 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.
* For identification purpose only website: http://www.ooilgroup.com
OOIL - Orient Overseas (International) Limited published this content on 27 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 January 2017 09:09:01 UTC.
Original documenthttp://www.ooilgroup.com/financials/resultannouncements/2016/Documents/E-Quarterly Operational Update Dec 16.pdf
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