Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . ORIENT OVERSEAS ( INTERNATIONAL ) LIMITED 東方 海外 ( 國際 ) 有限公司 * ( Incorporated in Bermuda with members ' limited liability ) ( Stock code : 316 ) UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE FOURTH QUARTER ENDED 31ST DECEMBER 2020 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 fourth quarter ended 31st December 2020. The comparative figures for the fourth quarter ended 31st December 2019 are also disclosed in this announcement . For the fourth quarter ended 31st December 2020 , total volumes were 23.7 % up from the same period last year . Total revenues increased by 51.2 % to US Dollars 2,423.0 million . Loadable capacity increased by 17.5 % . The overall load factor was 4.6 % higher than the same period in 2019. Overall average revenue per teu increased by 22.2 % compared to the fourth quarter of last year . For the year ended 31st December 2020 , total volumes increased by 7.3 % over the same period last year and total revenues recorded a 18.9 % growth . Loadable capacity increased by 3.7 % . The overall load factor was 2.8 % higher than the same period in 2019. Overall average revenue per teu increased by 10.8 % compared to the same period last year . - 1 -