Orient Overseas Container Line (OOCL)

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.

27 Apr 2020
Containers shipped from China after factories reopened in March have now arrived at European ports, but there is little volume that will follow, at least for the next three months.
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.
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.
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.
07 Apr 2016
Global container lines operating in Russia that were found guilty of collusion in 2012 and 2013 are appealing the controversial decision of Russia’s Federal Anti-Monopoly Service that threw a shadow on their image in the country.
07 Mar 2016
Hong Kong-listed OOCL is committed to remaining with the G6 Alliance, said chief financial officer Alan Tung, but "everyone is talking to everyone" as two huge merger and acquisition deals threaten to redraw the alliance structures by the end of the year.
25 Feb 2016
A look at the 2015 performance of three major carriers — Maersk Line, OOCL and APL — reveals the extent of the decline in average revenue per 20-foot container transported that low bunker prices were unable to offset.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
22 Jan 2016
Orient Overseas Container Line reported a sharp drop in container volume and plunging revenue on the Asia-Europe trade in 2015, with a particularly dismal fourth quarter dragging down figures on the oversupplied route.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
23 Oct 2015
Plunging rates and excess capacity caused Orient Overseas Container Line’s third-quarter revenue to fall 12.2 percent despite an uptick in volume.
04 Sep 2015
Orient Overseas Container Line, or OOCL, has joined the ranks of carriers this month announcing general rate increases for goods moving from Asia to Europe, despite the persistently weak market on those lanes that has undercut monthly GRIs for most of 2015.
10 Aug 2015
OOCL, the core liner business of Orient Overseas (International) Ltd, became the latest container carrier to report a first half net profit based largely on significant cost savings across its global network.
30 Jul 2015
Long Beach Container Terminal, which will open a terminal early next year the Port of Long Beach has billed as the world’s greenest container terminal, received the Mayor’s Green Port award Wednesday at ceremonies marking the 10th anniversary of the Long Beach Green Port program.
24 Jul 2015
OOCL’s revenue on the Asia-Europe route crashed by 28 percent in the second quarter, more than double the near 12 percent slide in traffic, in the latest indication of the depth of the bear market on the world’s biggest container trade.
06 Apr 2015
Rumors of a merger of APL and Orient Overseas Container Line were “probably not more than hot air,” and even if true would not affect container shipping overcapacity, Drewry Maritime Research says.
01 Apr 2015
Orient Overseas International Ltd.'s announcement that it will spend almost $1 billion on the purchase of six 20,000-TEU ships has put an end to speculation that the Hong Kong-listed line was interested in acquiring troubled APL from Neptune Orient Lines.
27 Mar 2015
OOCL and Yang Ming Line have expanded their joint China-Pakistan Express (CPX) Service by adding a direct call at Adani Hazira Container Terminal, a private facility in West India, starting in mid-April.