Hong Kong container line OOCL has reported rises in revenue and volumes for the fourth quarter.

In a trading update, the owner, bought last year by China's Cosco, said it carried 6.4% more boxes year-on-year at 1.71m teu, from 1.61 teu in 2017.

Asia-Europe trades saw the biggest rise at 14.4% to 336,000 teu.

Total revenue increased by 13.5% to $1.56bn, while loadable capacity was up 6.1%.

The overall load factor was 0.2% higher than the same period in 2017, with average revenue per teu increasing 6.7% compared to the fourth quarter of last year.

For the whole of 2018, volumes were up 6.3% from 2017, with revenue 10% higher.