Search results for: OOIL

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  • 18 January 2017
    Business & Finance

    The share price of Orient Overseas (International) Limited (OOIL), parent company of the container carrier Orient Overseas Container Line (OOCL), continues to trade at a significant discount to book value despite a recent price surge that came amidst speculation that OOIL’s container shipping business unit could be up for sale, according to Alphaliner. While several […]

  • 18 April 2018
    Business & Finance

    Alphaliner: The proposed takeover of OOIL by COSCO could be hindered by worsening China-US trade ties.

  • 6 July 2018
    Business & Finance

    COSCO Shipping Holdings plans to sell up to 15.1 pct of OOIL shares to restore public float.

  • 9 March 2015
    Business & Finance

    Hong Kong-based Orient Overseas (International) Ltd (OOIL), the parent company of Orient Overseas Container Line (OOCL), recorded USD 271 million net profit in 2014, a 574% increase compared to USD 47 million reported in 2013, credited to higher revenue and improved cost control. Revenue increased by 3.5%, from USD 6.23 billion in 2013, to 6.52bn in […]

  • 9 July 2017
    Business & Finance

    China’s COSCO Shipping Holdings and Shanghai International Port Group (SIPG) have made a pre-conditional voluntary general offer to acquire all issued Orient Overseas International Lines’ (OOIL) shares at an offer price of HKD 78.67 (USD 10.07) in cash.  The offer, made to all shareholders of the world’s seventh largest container shipping line would total in USD 6.3 billion. On […]

  • 30 April 2019
    Business & Finance

    OOIL is to sell the Long Beach Container Terminal to Macquarie Infrastructure Partners for USD 1.78 billion.

  • 23 March 2020
    Business & Finance

    COSCO-owned OOIL wrapped up 2019 with a significant earnings growth despite market uncertainties. 

  • 26 August 2019
    Business & Finance

    OOIL, parent company of OOCL, managed to return to profit in the first half of 2019.

  • 24 October 2017
    Business & Finance

    COSCO Shipping Holdings’ takeover bid for Orient Overseas International Limited (OOIL) has passed the anti-trust review in the United States, the company said. The go-ahead comes after COSCO Holdings’ shareholders approved the deal at the extraordinary general meeting held on October 16. The takeover offer was made in July this year when COSCO Shipping Holdings and Shanghai International […]

  • 12 September 2017
    Business & Finance

    Orient Overseas (International) Limited (OOIL) has joined the United Nations Global Compact (UNGC), becoming the first Hong Kong-based enterprise in the international transportation and logistics industry to take part in this initiative as a signatory.  The United Nations Global Compact is a call to companies to align their operations and strategies with ten universally accepted […]

  • 22 January 2019
    Business & Finance

    Orient Overseas Container Line Limited doesn’t plan to order any new ships at this moment.

  • 9 July 2018
    Business & Finance

    The US-based interagency committee clears COSCO’s proposed acquisition of Orient Overseas International Ltd (OOIL). 

  • 10 April 2012
    Business & Finance

    OOCL announces that Mr. Andy Tung, currently the Chief Operating Officer of OOCL, will succeed Mr. Philip Chow, as the new Chief Executive Officer of the company effective July 1, 2012. Mr. Tung will also continue to be an Executive Director and a member of the Executive Committee of Orient Overseas (International) Ltd. (OOIL), the […]

  • 23 April 2018
    Business & Finance

    COSCO proposed to divest the Long Beach Container Terminal (LBCT) to obtain US approval for OOIL takeover.

  • 20 July 2017
    Business & Finance

    COSCO Shipping Holdings has received a letter of inquiry from the Shanghai Stock Exchange asking clarity on the company’s “significant assets reorganization” and asset acquisition, mainly the purchase of Hong Kong-based rival Orient Overseas International Limited (OOIL). The offer, made to all shareholders of the world’s seventh largest container shipping line earlier this month would total in […]

  • 3 April 2018
    Business & Finance

    The proposed takeover of OOCL by COSCO Shipping is expected to be completed by June 30.

  • 12 March 2018
    Business & Finance

    OOIL rebounds from USD 219.2 million loss to a profit attributable to equity holders of USD 137.7 million.

  • 11 July 2017
    Business & Finance

    The latest shipping market combination between COSCO Shipping Holdings and Orient Overseas International Lines (OOIL) would become the world’s third largest container carrier if finalized, according to shipping consultancy Drewry. The entity, which would have a combined fleet of 400 vessels operated over a much expanded network, with capacity exceeding 2.9 million TEUs including orderbook, would overtake its partner in the […]

  • 25 October 2019
    Rules & Regulation

    The terminal was sold as part of COSCO’s USD 6.3 billion takeover of OOIL.

  • 8 September 2017
    Business & Finance

    China’s State‑owned Assets Supervision and Administration Commission (SASAC) has approved the bid from COSCO Shipping Holdings Co to take over Orient Overseas (International) Limited. Under the offer launched in July, COSCO Shipping Holdings and Shanghai International Port Group (SIPG) seek to acquire all issued OOIL shares at an offer price of HKD 78.67 (USD 10.07) in cash, totaling in […]

  • 18 October 2017
    Business & Finance

    The shareholders of COSCO Shipping Holdings Co. passed special resolutions at the extraordinary general meeting held on October 16, approving the takeover bid of Orient Overseas (International) Limited. The takeover offer was made in July this year when COSCO Shipping Holdings and Shanghai International Port Group (SIPG) placed a pre-conditional voluntary general offer to acquire all issued OOIL’s shares […]

  • 6 August 2018
    Business & Finance

    Details of OOIL-COSCO merger revealed as the duo maps out joint future.