HONG KONG's Orient Overseas (International) Ltd (OOIL), now a Cosco unit incorporated in Bermuda, whose principal holding is Orient Overseas Container Line (OOCL), posted a 16.3 per cent third quarter year-on-year revenue increase to US$1.91 billion.

Overall average revenue per box increased by 6.2 per cent compared to the third quarter of last year, OOIL said in a Hong Kong stock exchange filing.

Quarterly volumes were up 9.5 per cent year on year while overall revenue per rose 6.2 per cent. Loadable capacity fell 0.8 per cent while overall load factor was two per cent higher than the same period in 2019.