Orient Overseas (International) (0316) Q1 2026 earnings summary

Executive summary

• Liner revenue for Q1 2026 decreased by 7.6% year-over-year to $2,138.4 million.

• Total liftings increased by 1.7% compared to Q1 2025, reaching 1,996,652 TEU.

• Overall average liner revenue per TEU declined by 9.1% year-over-year.

Financial highlights

• Trans-Pacific liftings fell 5.9% while revenue dropped 16.8% year-over-year.

• Asia/Europe liftings rose 11.8% but revenue decreased 4.5% year-over-year.

• Trans-Atlantic liftings declined 1.3% and revenue fell 4.3% year-over-year.

• Intra-Asia/Australasia liftings increased 2.9% and revenue grew 0.7% year-over-year.

Segment performance

• Trans-Pacific segment experienced both volume and revenue declines.

• Asia/Europe segment saw higher volumes but lower revenue.

• Trans-Atlantic segment reported slight decreases in both liftings and revenue.

• Intra-Asia/Australasia segment achieved growth in both liftings and revenue.