Unaudited quarterly operational update for the third quarter ended 30th September 2023

For the third quarter ended 30th September 2023, total revenues decreased by 65.1% to US Dollars 1,759.8 million, as compared to the same period in 2022. Total liftings increased by 6.7% and the loadable capacity increased by 13.6%. The overall load factor was 5.1% lower than the same period in 2022. Overall average revenue per TEU decreased by 67.3% compared to the third quarter of last year.

For the first nine months ended 30th September 2023, total revenues decreased by 61.8% over the same period last year. Total liftings increased by 1.5% and the loadable capacity increased by 7.6%. The overall load factor was 4.8% lower than the same period in 2022. Average revenue per TEU decreased by 62.4% compared to the same period last year. 

CAUTION STATEMENT
The Board wishes to remind investors that this operational update for the third quarter ended 30th September 2023 is based on the Group’s internal records and management accounts and has not been reviewed or audited by the auditor. Investors are cautioned not to rely unduly on the operational update for the third quarter ended 30th September 2023. Investors are advised to exercise caution in dealing in the shares of the Company.