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OOCL reported profit in 2012 was $297 million, jumping 63 percent from $182 million in 2011.
Yearly revenue was $6.5 billion, up 7 percent from $6.0 billion in the previous year. Revenue per TEU rose 2.9 percent to $1,131.
The container line’s liifting increased 3.7 percent to 5.2 million 20-foot-equivalent units. Operating capacity increased 8.8 percent to 452,246 TEUs.
“While 2012 was a profitable year for the group, the container transportation market continued to be challenging as the industry struggled to absorb substantial new-build vessel capacity while facing ongoing weak demand growth,” said Chee-chen Tung, chairman of OOIL, in a written statement. “The year ahead looks as though it will be as difficult as 2012.”
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