Friday, August 20, 2021

OOCL Joins the Billionaire Carriers’ Club with Record First-Half Result

By Mike Wackett (The Loadstar) – Orient Overseas (International) (OOIL), parent company of OOCL, has posted a net profit of $2.8bn for the half-year – far and away the best interim result...

August 20, 2021
Total Views: 896

Monday, August 9, 2021
oocl containership

OOCL’s New Rail-Sea Service Links China with U.S. East Coast

Hong Kong-based Orient Overseas Container Line (OOCL) has become the first ocean carrier to offer a new rail-sea service connecting China with the U.S. East Coast to avoid congestion at...

August 9, 2021
Total Views: 2077

Friday, July 9, 2021
oocl containership

OOCL’s Second Quarter Results Confirm ‘Turbocharging’ of Carrier Bottom Lines

By Mike Wackett (The Loadstar) – Cosco subsidiary Orient Overseas (International) Q2 figures from its container arm, OOCL, give an early indication of some spectacular earnings to come from the liner industry...

July 9, 2021
Total Views: 2805

Monday, January 18, 2021

OOCL Profits are Surfing the Wave of Soaring Rates and Demand

By Mike Wackett (The Loadstar) – A very strong fourth-quarter 2020 operational update from OOCL is an indicator of the rich vein of profitability enjoyed by the liner industry since the middle...

January 18, 2021
Total Views: 1875

Tuesday, November 3, 2020
Maritime News

OOCL Places Orders for Seven 23,000 TEU Containerships

Hong Kong-based container shipping company Orient Overseas Container Lines has placed shipbuilding orders for seven additional 23,000 TEU megaships at Chinese yards. The shipbuilding contracts, worth more $1.1 billion in...

November 3, 2020
Total Views: 292

Sunday, July 8, 2018
oocl containership

Pledging to Sell Long Beach Terminal, COSCO Clears U.S. Hurdle on OOCL Deal

By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition...

July 8, 2018
Total Views: 43

Tuesday, April 24, 2018

OOCL and Microsoft to Develop Artificial Intelligence Applications for the Shipping Industry

Hong Kong-based shipping company Orient Overseas Container Line (OOCL) has teamed up with Microsoft’s research arm in Asia to advance the application of Artificial Intelligence research in the shipping industry....

April 24, 2018
Total Views: 28

Tuesday, April 3, 2018
oocl containership
Maritime News

COSCO Shipping’s Takeover of OOCL to Close by End-June, Vice Chairman Says

By Brenda Goh SHANGHAI, April 3 (Reuters) – COSCO Shipping’s planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the...

April 3, 2018
Total Views: 25

Tuesday, October 17, 2017
Maritime News

Ship Photos: World’s Largest Containership Docks in Wilhelmshaven

One of the world’s largest containerships docked at the EUROGATE Container Terminal in Wilhelmshaven, Germany on Monday during its maiden voyage from China to Northern Europe. The 21,413 TEU OOCL...

October 17, 2017
Total Views: 81

Monday, August 7, 2017

OOCL Needed Cash and COSCO’s ‘Weight’ to Compete with Mega-Carriers

By Mike Wackett (The Loadstar) – OOCL was too small to compete with mega-carriers and needed access to a large capital base to succeed, its chairman said today. OOCL returned...

August 7, 2017
Total Views: 7

Wednesday, July 26, 2017
Maritime News

COSCO Acquisition of OOCL Still Faces ‘Degree of Uncertainty’

By Mike Wackett (The Loadstar) – Cosco Shipping Holdings resumed trading on the Shanghai Stock Exchange (SSE) today, more than two months after its shares were suspended on the bourse....

July 26, 2017
Total Views: 14

Thursday, July 20, 2017
Press Releases

Shell provides OOCL its integrated lubrication solutions for the world’s largest container ship

Orient Overseas Container Line (OOCL), one of the world’s largest integrated international container transportation, logistics and terminal companies, has appointed Shell Marine to provide its integrated marine solutions, which include...

July 20, 2017
Total Views: 41

Wednesday, June 7, 2017
Maritime News

More Shipping Lines Suspend Qatar Services

By Jonathan Saul LONDON, June 7 (Reuters) – Taiwan’s Evergreen and Hong Kong’s OOCL said on Wednesday they had suspended shipping services to Qatar after Arab countries severed diplomatic ties...

June 7, 2017
Total Views: 2

Monday, May 15, 2017

OOCL Hong Kong Breaks 21,000 TEU Mark, Becoming ‘World’s Largest Containership’

Less than two months after the MOL Triumph earned the title of the world’s largest containership by carrying capacity as the first ship to cross the 20,000 TEU mark, a...

May 15, 2017
Total Views: 317

Friday, January 20, 2017
Maritime News

Orient Overseas Says It’s Not Aware of Any Bids for OOCL

SHANGHAI, Jan 20 (Reuters) – Hong Kong-listed shipper Orient Overseas International Ltd said on Friday it had not received any bids for its subsidiary OOCL, following media reports earlier in...

January 20, 2017
Total Views: 24

Friday, January 13, 2017

CMA CGM and Cosco Seen as Most Likely Takers for OOCL

By Gavin van Marle (The Loadstar) – CMA CGM and China Cosco are the two most likely carriers to buy OOCL, should its main shareholders decide to sell the company,...

January 13, 2017
Total Views: 25

Thursday, November 3, 2016
oocl beijing
Maritime News

Ocean Alliance Toe Hits Water with Early Publication of Service Network

By Mike Wackett (The Loadstar) – The Ocean Alliance, which next April will be the biggest of the three vessel-sharing alliances, has published its pro-forma network, including port rotations for...

November 3, 2016
Total Views: 2

Wednesday, April 20, 2016
cma cgm
Maritime News

Container Shipping Companies Form Asia-Focused “Ocean Alliance”

By Brenda Goh and Gus Trompiz SHANGHAI/PARIS, April 20 (Reuters) – China COSCO Shipping and France’s CMA CGM sought to reinforce their growing global scale in the container line market...

April 20, 2016
Total Views: 13

Wednesday, November 4, 2015
Maritime News

Hundreds of Miles From Ocean, Utah Banks on Shipping Industry

By Jennifer Oldham and Matthew Winkler (Bloomberg) — Seven hundred miles from the nearest ocean in Utah, the nation’s second-most arid state, Orient Overseas Container Line Inc. manages shipments through...

November 4, 2015
Total Views: 35

Monday, June 1, 2015

WATCH Massive Containership Take 40 Degree Rolls in North Atlantic WATCH

[contextly_sidebar id=”ZSOfcddaqQ4CioAklmhvvzUX1aKPD8Um”]Last year the Massive 2,992 TEU, 245 meter, containership OOCL Belgium was caught in the middle of the North Atlantic this week experiencing first-hand winter storm “Hercules“, a huge low...

June 1, 2015
Total Views: 735