ports

OOCL Posts Double-Digit Gains as Transpacific Route Drives Q2 Surge

Container shipping demand continued its recovery trajectory in the second quarter, with OOCL reporting double-digit revenue and volume increases that outpaced broader market growth. The carrier's transpacific trade proved to be the standout performer, with Q2 volumes surging 21%. Asia-Europe also contributed meaningfully, posting 6.6% volume growth alongside significantly stronger freight rates. OOCL's average revenue per TEU jumped 10.1% year-over-year in the quarter. For the first half, the carrier transported 4.2% more containers than the prior year period, boosting revenues 5.3% despite a slight 0.1% decline in overall load factor. The stronger-than-expected performance reflects sustained improvements in market demand and spot freight rates. Hapag-Lloyd raised its full-year EBITDA guidance to $2.7 billion, up sharply from prior expectations of $1.1 billion.