Orient Overseas Container Line (OOCL) saw third quarter total volumes rise 5.0% to 1.60m teu from 1.52m teu in the same period last year, the company said in a stock market update.
French container line CMA CGM has confirmed it is ordering nine 22,000 teu containerships.
Orient Overseas (International) Limited (OOIL), the parent company of container line Orient Overseas Container Line (OOCL) and logistics services provider (OOCL Logistics), became the first Hong Kong-based enterprise in the international transportation and logistics industry to join the United Nations Global Compact (UNGC).
A "slow and steady recovery from the tough market conditions that characterised 2016" helped bring Orient Overseas (International), the parent group of Hong Kong-based Orient Overseas Container Line (OOCL) back to a $53.6m profit from a $56.7m net loss in the previous corresponding period.
Orient Overseas Container Line (OOCL) has increased its lifting volumes in the first half of 2017 compared to the year-ago period, according to an operational updated from the carrier’s parent firm Orient Overseas (International) Limited (OOIL).
Shell is providing marine lubricants for the world’s largest containership the OOCL Hong Kong.
China Cosco Shipping Corporation Limited (Cosco Shipping) has offered to acquire Orient Overseas (International) Limited (OOIL) at a price of $6.3bn, confirming earlier rumours of the takeover deal that has been circulated since January this year.
The extended shares trading suspension of Cosco Shipping Holdings prompting media reports of an imminent acquisition of Orient Overseas Container Line (OOCL) have thus far turned out to be “unsubstantiated speculations” and an actual deal “is still far from certain to go through”, according to analyst Alphaliner.
A call by the 21,413 teu OOCL Hong Kong - claimed to be the world’s largest container ship - has marked OOCL’s return after an absence of 17 years to the UK’s Port of Felixstowe, owned by fellow Hong Kong-based group Hutchison Ports.