OOCL, or Orient Overseas Container Line, is the world’s 13th-largest container shipping company, with approximately 240 vessels with a combined capacity of 800,000 TEUs. Founded in 1969, the ocean carrier is present in more than 65 countries.

Hong Kong-based OOCL is a wholly-owned subsidiary of Orient Overseas (International) Limited, a public company listed on the Hong Kong Stock Exchange. OOCL posted revenue of US$6.2 billion in 2013 — down 3.5 percent on a year-on-year basis. The company recorded a net profit of $47 million, down 84 percent from the previous year’s net income of $296 million.

OOCL was the 10th-ranked container carrier in U.S. containerized import trade in 2013, with volume of 745,881 TEUs, down 1.7 percent year-over-year, giving it market share of 4.1 percent. It was No. 8 in U.S. containerized export trade in 2013, with volume of 538,287 TEUs, down 3.9 percent year-over-year and market share of 4.2 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

13 Mar 2017
“In the Ocean Alliance, customers look at the four players and are generally aware of their financial sustainability. We don’t have an emergency fund, largely because we don’t think we need to have one.”
13 Mar 2017
Average revenue per TEU carried by OOCL in 2016 was even worse than during the global financial crisis, leading to an annual loss of $273 million.
03 Feb 2017
The fines were smaller than expected.
27 Jan 2017
OOCL has found out that one strong quarter doesn't make a good year, with average revenue per TEU tumbling in 2016, despite a strong improvment in the market during the fourth quarter.
17 Jan 2017
Investors continue to trade heavily in OOCL shares amid speculation that the Hong Kong-based carrier is for sale.
13 Jan 2017
OOCL's partners in the Ocean Alliance are the most likely to buy the Hong Kong-based container line, analysts say, provided it is for sale.
11 Jan 2017
Takeover talk has long swirled around Hong Kong-listed OOIL, parent of OOCL, and new rumors are again seeing intense trading on the local bourse.
03 Nov 2016
The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.
28 Oct 2016
The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.
The fate of the Ocean Alliance had become uncertain in recent months after the US Federal Maritime Commission halted its review process to receive more information from alliance membners.
21 Oct 2016
US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.
21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
27 Sep 2016
A prominent Russian maritime lawyer said the companies should appeal the decision in the hopes of having the decision overturned.