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Tag: OOIL

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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New York/New Jersey battens down the hatches for Tropical Storm Isaias

The main container terminals in the port of New York and New Jersey have battened down the hatches to prepare for the imminent arrival...

Updated: Massive explosion rips through the Port of Beirut

An explosion at the port of Beirut in Lebanon has caused carnage in the country’s capital. The blast occurred after what appeared to be...

Hapag-Lloyd raises THCs

German carrier Hapag-Lloyd has announced new terminal charges that will apply to cargo shipped between Europe and the US. From 1 September terminal handling...

Rate recovery and falling fuel costs helps ONE to Q1 profit

Falling revenues failed to halt soaring profits at Ocean Network Express (ONE) as the Singapore-based carrier recorded net profits of US$167 million, in the...