Hong Kong-listed parent OOIL said revenue for the three monthsto 31 March improved by just 1.7% to $1.39bn.
Volumes jumped by 8.9% compared to the first leg of 2013, astock exchange filing revealed.
However the rise was mostly offset by a 6.6% drop in averagerevenue per teu compared to the first quarter of last year.
The Trans-Pacific trade, which contributes around a third ofOOCL's overall revenue, saw a 2.2%