Search results for: Orient Overseas International Limited

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  • 8 August 2016
    Business & Finance

    Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), reported its net loss at USD 56.6 million for the first half of 2016, compared to a net profit of USD 238.6 million seen in the same period a year earlier. OOIL’s revenue for the first six months decreased to USD 2.5 […]

  • 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 […]

  • 23 October 2015
    Business & Finance

    Hong Kong-based container carrier Orient Overseas Container Line (OOCL) marked a 12.2% decrease in total revenues in the quarter ended September 30, despite handling 1.9% more containers compared to the same period a year earlier. OOCL was hit the hardest on its Asia/Europe services which brought 32.2% less revenue and carried 11.5% less containers in the third […]

  • 23 October 2015
    Business & Finance

    Hong Kong-based container carrier Orient Overseas Container Line (OOCL) marked a 12.2% decrease in total revenues in the quarter ended September 30, despite handling 1.9% more containers compared to the same period a year earlier. OOCL was hit the hardest on its Asia/Europe services which brought 32.2% less revenue and carried 11.5% less containers in the third […]

  • 25 October 2019
    Rules & Regulation

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

  • 27 October 2014
    Business & Finance

    Orient Overseas Container Line (OOCL), a part of Hong Kong-based  Orient Overseas (International) Limited, has marked a 5.3% increase in total volumes for the third quarter of 2014, compared to the same period last year.    Total revenues for the period ended September 30 increased by 5.7% to USD 1.518 billion. The loadable capacity increased by 1.3%. […]

  • 11 March 2020
    Business & Finance

    Orient Overseas Container Line Limited orders five 23,000 TEU boxships at COSCO yards in China. 

  • 1 April 2015
    Business & Finance

    OOCL has ordered construction of six 20,000 TEU containerships at Korean shipbuilder Samsung Heavy.

  • 7 October 2013
    Business & Finance

      Samsung Heavy Industries shipyard based in Geoje Island, South Korea today held a christening ceremony for the eighth of ten 13,208 TEU containerships, ordered by OOCL. The vessel, leased to NYK Line of Japan, was named MV NYK Hyperion by its Sponsor Mrs. Harriet Tung, wife of Mr. C. C. Tung, Chairman of Orient […]

  • 3 April 2018
    Business & Finance

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

  • 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 […]

  • 30 April 2019
    Business & Finance

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

  • 21 May 2014
    Business & Finance

    At a christening ceremony held on Geoje Island in South Korea yesterday, OOCL celebrated the naming of the tenth 13,208 TEU containership that will be joining the company’s fleet this year. In front of many honorable guests and institutional supporters, the OOCL Singapore was named by the vessel Sponsor Mrs. Brenda Lo, Managing Director, Asia, […]

  • 22 January 2019
    Business & Finance

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

  • 3 August 2012

      Orient Overseas Container Line (OOCL) seated in Hong Kong, is about to rejuvenate its cargo handling capacities at its U.S.-based terminal leased form the Port of Long Beach, with 84 new cranes to be delivered by Shanghai Zhenhua Heavy Industries, the Sea Trade Asia writes. The estimated value of the new cranes totals in […]

  • 27 August 2015
    Business & Finance

    Hong Kong-based container shipping  company Orient Overseas Container Line (OOCL) has named its latest 8,888 TEU container ship at a christening ceremony held on Changxing Island in Shanghai, on Wednesday, August 26th. The OOCL Genoa was named by her sponsor Mrs. Tamiko Onaka at Hudong-Zhonghua Shipbuilding (Group) Co. The ship is scheduled to join the company’s fleet this […]

  • 27 August 2015
    Business & Finance

    Hong Kong-based container shipping  company Orient Overseas Container Line (OOCL) has named its latest 8,888 TEU container ship at a christening ceremony held on Changxing Island in Shanghai, on Wednesday, August 26th. The OOCL Genoa was named by her sponsor Mrs. Tamiko Onaka at Hudong-Zhonghua Shipbuilding (Group) Co. The ship is scheduled to join the company’s fleet this […]

  • 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 […]

  • 26 February 2019
    Business & Finance

    Hyundai Merchant Marine is not interested in the purchase of Long Beach Container Terminal (LBCT).

  • 10 August 2015
    Business & Finance

    Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), reported USD 238.6 million net profit for the six-month period ended June 30, 2015, a 32% jump compared with USD 181.3 million for the same period in 2014, despite a dip in revenue. OOIL’s revenue for the first six months of 2015 […]

  • 10 August 2015
    Business & Finance

    Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), reported USD 238.6 million net profit for the six-month period ended June 30, 2015, a 32% jump compared with USD 181.3 million for the same period in 2014, despite a dip in revenue. OOIL’s revenue for the first six months of 2015 […]

  • 25 November 2016

    Container Terminal Burchardkai (CTB) at the Port of Hamburg, Germany, is introducing a new production and shift pattern model to prepare for the arrival of the first 20,000 TEU vessels scheduled for spring 2017. To be implemented from January 15, 2017, the new model is expected to improve ship handling performance. “Adjustments to the previous […]