Orient Overseas Container Line

Weak Western growth to hit cargo demand

Orient Overseas (International) Limited's Chief Financial Officer Ken Cambie.

Anaemic growth in the US and little improvement in Europe's economic conditions will make 2013 as "challenging" as last year for Orient Overseas Container Line (OOCL), the financial head of the shipping line's parent company said yesterday.

Thursday, 7 March, 2013, 6:12am

OOIL slides as profit goes down 33pc

Shares in Orient Overseas (International) fell almost 4 per cent yesterday after the Tung family shipping and property group reported a 33 per cent drop in net profit to US$116.77 million in the first half of this year.

15 Aug 2012 - 10:58pm

Lai See

Timothy Fok's Olympic moment synchronised with diving

15 Aug 2012 - 10:58pm

Increases in freight rates buoy OOCL revenues

Orient Overseas Container Line saw revenues climb 5 per cent to almost US$2.88 billion in the first half of this year, buoyed by higher freight rates, especially in the second quarter.

14 Jul 2012 - 12:00am

Freight rates set to sink again as capacity rises

Moves by container shipping companies such as Orient Overseas Container Line to boost revenues on transpacific services between Asia and North America could be derailed by an increase in shipping capacity that would depress freight rates.

8 Jun 2012 - 12:00am

Orient Overseas signs 40-year Long Beach lease

Orient Overseas Container Line has signed a deal with the Port of Long Beach to lease the Californian port's Middle Harbour container terminal for 40 years in what is the biggest port agreement in United States history.

6 Apr 2012 - 12:00am

Rising fuel prices add to container line's stress

Overcapacity, sluggish cargo growth and high fuel prices are set to make 2012 a difficult year for container shipping lines even though carriers have started to increase freight rates, a senior executive at Orient Overseas (International) said yesterday.

13 Mar 2012 - 12:00am

Troubled shipping lines raise rates on key routes

Exporters and importers face higher shipping costs as loss-making and financially troubled shipping lines raise freight rates on key trade routes to Europe, the Mediterranean and South Asia in the next few months.

4 Feb 2012 - 12:00am

OOCL's terminal expansion moves ahead in Long Beach

Orient Overseas Container Line (OOCL) has secured a key vote from harbour commissioners in the port of Long Beach for its US$4.6 billion, 40-year lease on a new container terminal at the west coast US port.

25 Jan 2012 - 12:00am

OOCL waits for green light on US gateway deal

Orient Overseas Container Line is set to enter the Year of the Dragon with an agreement for a new United States Pacific gateway at Long Beach that will be the biggest rental deal in US port history.

21 Jan 2012 - 12:00am

Container lines prepare for trade doldrums

Hard-pressed container lines, which have already seen charter rates sink on key trades routes between Asia and Europe and transpacific, could face further difficulties as a result of changing trade patterns.

9 Jan 2012 - 12:00am

Small carriers struggle to keep up with big boys

Box shipping lines including Cosco, China Shipping Container Lines and Evergreen may have to join forces with rivals if they are to compete with mega-carriers on Asia-Europe trade routes, analysts said yesterday.

22 Dec 2011 - 12:00am

HK losing bid to be maritime centre

More foreign shipowners and maritime-related companies should be encouraged to come to Hong Kong if the territory is to develop as an international shipping hub, says the new chairman of the Hong Kong Shipowners Association.

9 Dec 2011 - 12:00am

Firms hope for Black Friday order bump-up

With Black Friday yesterday kicking off the pre-Christmas shopping season in the United States, container shipping lines hoped strong retail sales coupled with cuts in shipping capacity would buoy carriers against wintry economic conditions, an industry conference heard in Hong Kong yesterday.

26 Nov 2011 - 12:00am

Lai See

Readers rally as more tales of illegal parking hit the roads

We seem to have struck a chord with our piece yesterday on traffic violators and have had a number of responses.

19 Nov 2011 - 12:00am