Hong Kong liner giant Orient Overseas Container Line (OOCL) saw income more than double during the third quarter, compared with the same period a year earlier.
The China Cosco Shipping-owned company is usually among the first containership operators to make a quarterly update, but it will provide profit figures later.
Total revenue for the third quarter of this year totalled $4.31bn, up by 125.3% from the same period of 2020.
"This record result was achieved despite severe congestion around the network, which drove down liftings by 7.2% and loadable capacity by 7.6%," OOCL said in an exchange filing on Friday.
OOCL's overall average revenue per teu was 142.7% higher during the third quarter than the same period in 2020, while its overall load factor increased by 0.4%.
First nine months
Booming container markets have meant that OOCL's revenue has more than doubled during 2021 so far.
Its total income grew by 114.4% during the first nine months of this year, compared with the corresponding period in 2020.
OOCL said its average revenue per teu increased by 95.6% compared with the same period last year.
Total liftings increased by 9.6% and loadable capacity grew by 5.9% over the same time frame.
The overall load factor was 2.9% higher than during the first nine months of 2020.
OOCL's parent, Hong Kong-listed OOIL, in September commenced a share offering to raise HKD 3.47bn ($447m) to fund construction of new containerships.
OOIL's largest shareholder, Cosco Shipping Holdings' Faulkner Global Holdings, sold 23.3m shares in the placement, or 3.5% of the registered share capital.
