The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
Wednesday January 29, 2020
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Orient Overseas Container Line (OOCL)
Orient Overseas Container Line (OOCL)
Hong Kong-based is a large integrated international container transportation, logistics and terminal company with offices in seventy countries.
In 2017, Cosco Shipping Holdings and Shanghai International Port Group made its cash offer to buy the Orient Overseas International Ltd. (OOIL), parent company of OOCL. At the time of its acquisition by COSCO, OOIL group’s affiliates included not only OOCL but CargoSmart, OOCL Logistics, Long Beach Container Terminal and Kaohsiung Container Terminal.
Webcasts
Jan 23, 2020 2:00PM EST
Jan 28, 2020 2:00PM EST
18 Nov 2019
Most major carriers and some freight forwarders have announced their own bunker adjustment factor (BAF) formulas to offset higher fuel costs, but there is little commonality in pricing or even what they are called.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
13 Sep 2019
The larger container ships global carriers are starting to deploy in intra-Asia trades are putting pressure on specialist feeder lines already dealing with bad weather, port congestion, and shifting trade patterns.
26 Aug 2019
The parent company of Orient Overseas Container Line (OOCL) said it had turned a profit in the first half of 2019, and that the strategy of keeping the two carriers as separate entities was “bearing fruit.”
22 May 2019
The Ocean Alliance will skip two Asia-US West Coast sailings in June in an effort to maintain rates as the US-China trade war takes a toll on volume.
30 Apr 2019
Australian banking and investment group Macquarie Infrastructure Partners already has stakes in New Jersey's Maher Terminals at Port Elizabeth and Penn Terminals.
06 Nov 2018
The new consortium, powered by Oracle Cloud Blockchain Service, involves CMA CGM, Cosco Shipping (and subsidiary brand OOCL), Evergreen Marine, and Yang Ming, and the lines represent about one-third of total global container ship capacity.
06 Aug 2018
OOCL is sounding alarms about the impact of a trade war on international shipping volumes after a strong first half.
27 Jul 2018
Although trade tensions between the United States and the European Union and their impact have been muted so far in 2018, trade stakeholders know that could change dramatically and quickly.
11 Apr 2018
Confirming to Alphaliner that it is discussing US terminal assets with Committee on Foreign Investment in the United States officials, Cosco, a China government-backed carrier, said it is confident the deal will pass the US review and that the deal’s June 30 deadline will be met.
27 Mar 2018
Rising demand on the Asia-New Zealand-Australia trade could be further boosted by China's trade dispute with the United States.
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