News / OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco

ID 112434524 © Péter Gudella | Dreamstime.com

Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the same period last year, suggesting it made rapid market share gains in some key trades.

Globally, the Hong Kong-based carrier transported 1.96m teu in the first three months of the year, up 9.3% year on year, while total revenue increased 16.8%, to $2.3bn, and its average revenue per teu increased 6.9% compared with Q1 24.

However, there were considerable variances across the trades. Its transpacific services saw ...