OOCL has posted slightly lower year-over-year volumes and revenues on transpacific trade amid the US-China trade war.
The Cosco-owned liner company posted 495,787 teus for the fourth quarter of 2019, down 1.1% from a year earlier. Full-year volume slipped 0.4% to 1.97bn teus.
Revenue for the three-month period fell 5.2% to $635m, while year-to-date revenue gained 5.2% to $2.51bn.
The tariff war, which began in early 2018, entered into a "phase-one" agreement on 15 January that included $200bn in US imports to China over the next two years.
OOCL saw the highest jump in volume along the transatlantic route, posting a quarterly hike of 12.7% to 122m teus. Volume for the entire year shot up 12% to 478m teus compared to 2018.
Quarterly revenue from the route spiked 9.9% to $150m, while 2019 revenue jumped 15.3% to $593m.
Voyages between Asia and Europe saw an 8.7% rise in volume to 365m teus for corresponding quarters. Volume for all of 2019 came in at 1.42bn teus, up 9.3% from 2018's volume.
Fourth-quarter revenue ticked up 2.6% to $305m, while the 2019 figure of $12.3bn beat prior-year revenue by 3.9%.
The intra-Asia to Australia leg saw fourth-quarter volume shoot up 5.9% to 814m teu from the same timeframe in 2018. Full-year 2019 volume gained 3.1% to 3.09bn teus.
Revenue for the last three months of 2019 came in $512m, up 10.8% from the same stage in 2018. Revenue for all of 2019 totalled $1.94bn, up 6.1% from the previous year.
Zhigian Yang-led OOCL's total fourth-quarter volume for all routes combined climbed 4.8% to 1.8bn teus from the same quarter in 2018. Full-year volume saw a 3.8% gain from 2018 to 6.94bn teus.
The company's fourth-quarter revenue gained 2.3% to $1.6bn from a year ago. Revenue for all of 2019 totalled $6.28bn, up 5.2% from 2018.
