oocl
China’s Cosco Shipping confirmed market talk on 9 July when it announced that it was buying a nine-tenths share of Hong Kong-based Orient Overseas International, parent company of OOCL, with Shanghai International Port Group (SIPG) taking the remaining 10%. The deal is subject to regulatory approval, but has been accepted by OOCL’s controlling shareholder.
The US$6.3bn deal will create the world’s third largest shipping line, with a total of 2.9m teu ...
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The world’s largest container ship, the 21,413teu OOCL Hong Kong, made its maiden call in Felixstowe on 22 June.
Trumping the call by the 20,568teu Madrid Maersk, operated on the 2M NEU2 Asia to Europe service, a few days earlier, the call also marked the return of OOCL to the UK’s ...
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A new joint weekly Cocso-OOCL North Europe Turkey Express service has made its first call in Felixstowe. It also calls at Hamburg, Antwerp, Piraeus, Istanbul-Ambarli (Kumport), Gebze (Yilport), Izmir and Salerno. Cosco Shipping and OOCL are both members of the new Ocean Alliance which has chosen the Port of Felixstowe ...
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A sudden suerge in the value of OOCL shares has prompted speculation that the Hong Kong-based operator may be about to be sold. OOCL, over two thirds owned by the Tung family, operates a modern fleet of around 575,000teu and is reckoned to be one of the more stable and ...
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Shipping analysts Alphaliner claim that CMA CGM is orchestrating a 'super-alliance', CCEO, that would also include COSCO (presumably the enlarged COSCOCS), Evergreen and OOCL. Alphaliner suggest that CCEO would have a combined vessel capacity of 2.5 to 3m teu, well ahead of the G6's current 1.7m teu.
CCEO would also be ...
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Maritime services company Inchcape Shipping Services has signed a joint venture agreement with Orient Overseas Container Line (OOCL). OOCL Egypt will operate from existing ISS offices in Cairo, Alexandria, Port Said, and Damietta and will offer a “one-stop-shop” for Egyptian customers, including full container fleet network coverage.
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The G6 Alliance (APL, Hapag-Lloyd, Hyundai, MOL, NYK and OOCL) has released details of port rotations for its proposed services on the Transatlantic and Asia-North America West Coast routes, announced in early December last year. Subject to the completion of regulatory review process, the 17 services are scheduled to start ...
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Shipping line OOCL says it is putting up rates from the Far East (including Japan) to North Europe, the Mediterranean and Black Sea by US$575 per teu. It says the move is needed to continue providing quality and sustainable services.
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The G6 Alliance of container lines - APL, Hapag-Lloyd, Hyundai, Mitsui O.S.K,
NYK and OOCL – is to temporarily suspend its Loop 3 service between the
Far East and Europe until further notice to cover for winter vessel
maintenance. It added that it would “monitor the market closely”
before deciding when to resume the service.
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