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Tag: OOIL

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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Mixed response to Suez Canal discounts

Container lines are mostly not ready to follow CMA CGM in dabbling with a Red Sea return, notwithstanding the Suez Canal Authority's (SCA's) discounts,...

Mersin International Port completes first phase of expansion project

Mersin International Port Management Inc. (MIP), a key gateway terminal in Türkiye and a joint venture between PSA International, IFM, and Akfen, officially completed...

GEODIS unveils low-carbon air freight solution

GEODIS introduces GEODIS AirSmart, an innovative low-carbon air freight service designed to minimize greenhouse gas emissions through optimized performance. The official launch takes place today...
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