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.

27 Sep 2016
A prominent Russian maritime lawyer said the companies should appeal the decision in the hopes of having the decision overturned.
23 Aug 2016
No surprises as a weak October encourages G6 to withdraw sailings on major east-west trades.
Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
22 Aug 2016
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.
10 Aug 2016
Three intra-Asia container liners are teaming up to link China and Vietnam through two different loops.
Although Orient Overseas Container Line notched volume increases on the world's busiest east-west trades, they weren't enough to prevent a profit loss and revenue decline at parent Orient Overseas (International).
08 Aug 2016
OOCL's first half loss is not good news for the industry.
28 Jul 2016
Container lines are adding intra-Asia services or improving their coverage of the region to capture what appears to be increasing demand on the North-South trade.
22 Jul 2016
Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.
OOCL, its G6 Alliance partners and other ocean carriers can't seem to find the magic formula needed to bring trans-Pacifc capacity in line with demand.
22 Jul 2016
Container lines in the eastbound trans-Pacific this week were unable to hold on to their rate increases of last week.
OOCL is joining several other container lines an effort to prop up rates via general rate increases on August 1.
19 Jul 2016
The August 1 rate increases on Asia to Europe and the Mediterranean are beginning to roll.
15 Jul 2016
Ocean Alliance members CMA CGM, COSCO Container Lines, Orient Overseas Container Line and Evergreen Line see major opportunity in deploying more services to the East and West coasts.
11 Jul 2016
The Asia-Australia trade will get a new shipping consortium.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.