HONG KONG's Orient Overseas Container Line (OOCL) posted a 3.5 per cent year-on-year revenue increase in 2014 to US$5.8 billion, the company announced in a stock exchange filing without giving figures on profit, which usually come in March.

The Hong Kong-listed carrier reported a three per cent increase in container volume, but per box revenue fell 1.9 per cent year on year on a total throughput of 5.5 million TEU.

Asia-Europe revenue increased 14.4 per cent year on year to $1.17 billion with the last quarter coming in at $275.1 million, up 8.7 per cent.

Transpacific revenue increased 2.7 per cent to $1.97 billion in 2014 with the last quarter coming in at $479.5 million, up the same 2.7 per cent year on year.

Transatlantic revenue fell 2.4 per cent to $600.5 million with the last quarter coming in at $145.3 million, down 3.3 per cent.

Intra-Asia/Australasia revenue was up 0.7 per cent to $2.06 billion with the last quarter coming in at $498.8 million, down six per cent.

In container volumes, transpacific throughput increased 4.5 per cent year on year in 2014 to 1.28 million TEU, with the last quarter coming in at 309,900 TEU, down 0.8 per cent.

Asia-Europe box volume increased 16.1 per cent year on year to 979,600 TEU, with the last quarter coming in at 477,000 TEU, up 12.1 per cent.

Transatlantic box volume fell 2.5 per cent year on year to 384,900 TEU, with the last quarter coming in at 90,000 TEU, down 5.1 per cent.

Intra-Asia/Australasia box volume increased 3.9 per cent year on year to 2.93 million TEU, with the last quarter coming in at 712,836 TEU, down 7.2 per cent.

By the end of December, rates were $500 per TEU lower than on January 1. Asia-Europe rates went down, reaching $697 per TEU nadir on October 24 before ending the year on $1,085.

OOCL is a member of the G6 Alliance with Hapag-Lloyd, NYK, APL, Hyundai and MOL.