OOCL

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.

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.
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.
OOCL will weight containers to enable SOLAS compliance.
08 Jun 2016
Orient Overseas Container Line will offer to weigh containers — at a steep cost — for shippers.
08 Jun 2016
Trans-Pacific carriers are beginning to phase in their new deployments for the peak-shipping season.
01 Jun 2016
French container line offers online page to help customers.
SOLAS verified gross mass VGM IMO container weights OOCL
23 May 2016
OOCL has warned its customers of the complications and penalties they face if they fail to comply with the SOLAS container weight rule.
22 Apr 2016
Orient Overseas Container Line’s revenue slumped 17.1 percent in the first quarter even as traffic increased 4.2 percent, highlighting the plunge in ocean freight rates to historic lows that is accelerating consolidation moves across the beleaguered industry.
20 Apr 2016
The Ocean Alliance was born in Shanghai on Wednesday as CMA CGM, China Cosco Shipping, Evergreen Line and OOCL signed a memorandum of understanding to offer more than 40 global services connecting markets in Asia, Europe and the United States.
19 Apr 2016
CMA CGM, China Cosco Shipping, Evergreen Line and OOCL on Wednesday morning are expected to announce in Shanghai that they will form a shipping alliance, a move aimed at blunting the power of the major vessel-sharing agreement between the two largest global container lines, Maersk Line and Mediterranean Shipping Co.