Summary by Futu AI
OOIL announced the unaudited operational summary for the third quarter ending September 30, 2024. The report shows that the company's total revenue for the third quarter increased by 73.7% compared to the same period last year, reaching 3.056 billion US dollars. Freight volume increased by 3.6%, while carrying capacity decreased by 1.6%. The overall load factor increased by 4.2% compared to the same period in 2023, and the overall average revenue per standard container increased by 67.6%. Total revenue and total cargo volume for the first 9 months increased by 23.4% and 2.6% respectively compared to the same period last year. Performance varied across routes, with the Pacific route seeing increases of 15.6% in cargo volume and 99.4% in revenue, while the Asia/Europe route experienced a 12.0% decrease in cargo volume but a...Show More