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 Hong Kong 's Orient Overseas (International) Ltd, parent of OOCL, has posted a 10 per cent increase in fourth quarter container volume year on year to 1.4 million TEU, but revenue per TEU fell 6.3 per cent in 2013.

Full year volumes increased 1.5 per cent to 5.29 million TEU while revenues fell 4.9 per cent to US$5.6 billion.

Asia-Europe revenues declined 6.7 per cent while falling two per cent on the transpacific.

Intra-Asia and Australasiatrades posted the biggest gains with volumes rising 15.7  per cent year on year generating revenues of $530.7 million, up two per cent, the only area in which sales gains were made.

Intra-Asia and Australasia was OOCL's biggest single revenue source, generating $2 billion last year against $1.9 billion in the transpacific and $1 billion for Asia-Europe.

Asian Shipper News

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