OOCL

The shipping lines began to come back.

And just this summer, companies like this Costco and this OOCL were putting services back on the Suez route.

All right.

But now we've got this other conflict, the Iran war.

That's a measure of a ship's capacity based off how many of these twenty-foot containers they could carry.

Now, the largest container ship in existence, the OOCL Hong Kong, has a capacity of over twenty-one thousand TEU.

This ship, like many of those larger than fifteen thousand TEU, exclusively keeps to the East Asia to Europe route, as it can't efficiently make trips that require transit between the Pacific and Atlantic, since it would have to circumnavigate South America.

But it was really not long ago that the larger ships that could go through the Panama Canal were far smaller than the current fifteen thousand TEU size.

Analysts warn that congestion could persist into the period before Chinese New Year and are urging shippers to build additional lead time into bookings.

In Steamship News, there is an article about how OOCL recorded strong third-quarter volume and revenue growth, led by Trans-Pacific and Asia-Europe trade lanes.

Total volume across its four main trades increased 9% to 2.1 million TEUs, while average revenue per TEU rose 33%, lifting revenue 45% to $3.28 billion.

Asia-North America volume grew 13.1% to 595,139 TEUs and revenue climbed 71.8% to $1.4 billion.

And you can say we are now also getting far enough into the fourth quarter that we begin to see the usual trickle of carrier results.

And as usual, OOCL, of course, they're subsidiary of Costco, but OOCL are always the first ones of the major carriers.

And they issued their Q3 operational results.

Note that.

We see this obviously as a leading indicator for everyone else and expect very strong results.

I guess somewhere in that picture, we would then see the reverse as well with people with slightly less strong growth, particularly on that Asia-Europe corridor, but higher overall rates.

If OOCL are taking market share, it must be coming from somebody else.

But with such a strong rate environment, I guess that won't damage other people's results too much.

The Long-Term Slot Allocation, or LOTSA, program will offer reservations for up to three Panamax slots per day from January third to April third, twenty twenty-seven.

OOCL will add a third China to South America East Coast loop in December.

The TLA3 service, starting mid-December twenty twenty-six, will link Ningbo, Shanghai, and Shekou with Santos, Navigantes, Montevideo, and Buenos Aires.

Calls at Kho Cha and Hong Kong remain subject to confirmation.