Full-year revenue increased about 4.6% to $6.52bn, while operating costs rose by less than 2% to just $5.8bn despite higher volumes.

OOCL reported a 10% reduction in total bunker costs, which it attributed to a combination of lower bunker prices and consumption.

Liner liftings increased by 5.5% to 5.6mteu with the load factor improved to 76% from 73%.

“Seaborne trade growth for the liner industry was better than expected during 2014,” said OOIL chairman CC Tung.

“East