Hong Kong's Orient Overseas Container Lines (OOCL) first quarter revenue increased 17.2 per cent to US$1.32 billion in the first quarter from $1.134 billion in the same quarter last year, its parent company OOIL told the Hong Kong stock exchange in a statement.

First-quarter volume increased 9.7 per cent on the transpacific trade, 8.3 per cent on the Asia-Europe trade, 4.3 per cent on the transatlantic and 12.6 per cent on intra-Asian and Australasian routes.

OOCL moved 12.6 per cent more containers in the first quarter to 1.18 million TEU than in the corresponding period last year, though the load factor fell 2.9 per cent because of the line's 16.8 per cent greater capacity.

Overall average revenue per TEU increased 4.2 per cent year on year, the Shipping Gazette reports.