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OOCL orders seven more ultra-large boxships

COSCO Shipping’s Hong Kong based subsidiary OOCL has ordered a further seven 23,000TEU container ships, following its order for five vessels in March of...

OOCL proceeds with mega-vessels order despite the pandemic challenges

Orient Overseas Container Line (OOCL) has announced it will follow its long-term plans and will proceed with its March order of five 23,000TEU container...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...

COSCO takes over Port of Kaohsiung

TAIPEI (Taiwan News) -- It appears that China's state-run shipping and logistics giant China Ocean Shipping Company (Cosco) could now own the Port of Kaohsiung,...

OOIL, half year results

• Group Revenue of US$3,115 million • 6% Liftings Growth to 3.3 million TEU • Group Operating Profit of US$51 million • Loss Attributable to Equity Holders of US$10 million • Loss per...

COSCO about the acquisition of OOIL

On 24 July 2018, COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings”) completed the acquisition of shares from controlling shareholders in the offer to...

OOIL, Q2 operational update

UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE SECOND QUARTER ENDED 30TH JUNE 2018 The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has...

Cosco clears U.S. hurdle on Orient Overseas deal (Bloomberg)

Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its...
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Global bunker indices decline in 50th week of 2024

During the 50th week of the year, the Marine Bunker Exchange (MABUX) global indices experienced a moderate decline. The 380 HSFO index dropped by US$4.76...

Wärtsilä secures key contract for LNG bunkering vessel with Vitol

Wärtsilä Gas Solutions, part of the Wärtsilä technology group, has secured a new contract to further solidify its leadership in small-scale LNG applications. The company...

10 Tips to Boost Water Efficiency in Your Home

Saving water is becoming increasingly important for both environmental and financial reasons. By making a few simple changes around your home, you can reduce...

Mapping Emerging Ports Amid Trade Shifts and Global Disruptions

Geopolitical shifts, disruptions, and conflicts are reshaping the global shipping landscape, paving the way for the emergence of new ports that offer alternative operational...