Hong Kong-listed parent OOIL said revenue for the three monthsto 31 March improved by just 1.7% to $1.39bn.
Volumes jumped by 8.9% compared to the first leg of 2013, astock exchange filing revealed.
However the rise was mostly offset by a 6.6% drop in averagerevenue per teu compared to the first quarter of last year.
The Trans-Pacific trade, which contributes around a third ofOOCL's overall revenue, saw a 2.2% dip in sales as volumes remained flat.
However the Asia to Europe route showed by far the biggest improvement as liftings jumped by almosta tenth and revenue rose by 7.6% to $282.3m.
Volumes for its Intra-Asia/Australia segment rose more sharplyby 14.5% to 723,000-teu while revenue was up by 4.2% to $493.5m.
