Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAsiaOOCL spends $350m on new cranes for Long Beach terminal

OOCL spends $350m on new cranes for Long Beach terminal

OOCL spends $350m on new cranes for Long Beach terminal
Hong Kong: Orient Overseas Container Line (OOCL) will spent $346.6m to buy 84 new cranes from Shanghai Zhenhua Heavy Industries for use at its terminal leased from the Port of Long Beach, US.

A purchase comprises of 14 units of ship-to-shore cranes and 70 units of automated stacking cranes.

“The terminal equipment will improve the quality of service the group provides to its customers and productivity,” Orient Overseas (International) Limited (OOIL), parent of OOCL, said in a statement.

About 80% of the purchase price of the new equipment will be arranged from bank financing and the balance will be funded from internal resources. “Should such bank finance not be arranged, the full purchase price of the terminal equipment would come from internal resources,” OOIL said.

TAGS: Container Terminals
Related
OOCL Turkiye megamax containership newbuilding in shipyard
Container ship capacity delivered in April 1.1% of current global fleet
May 01, 2024
Fr Alex with seafarers visiting Odesa Ukraine[51].jpg
International Labour Day: Remember the challenges faced by seafarers
May 01, 2024
ONE containers stacked in port
Red Sea crisis boosts ONE in Q4, forecasts billion profit in FY2024
Apr 30, 2024
QatarEnergy-CSSC-Sign-LNG-Shipbuilding-Agreement 01.jpeg
QatarEnergy inks largest ever shipbuilding order with CSSC
Apr 30, 2024