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Hong Kong's Orient Overseas Container Line (OOCL), fresh from good 2014 results and despite having taken full delivery of its biggest 13,208-teu mega class ships last year is not immune from the megabox ship trend and has not ruled out new orders in the upsized 18,000-teu bracket.

Orient Overseas Container Line (OOCL) reported 2.6% lower total volume of 1.36m teu for the fourth quarter while for full-year 2014 the corresponding figure rose 5.5% to 5.59m teu from 5.29m previously, the company said in a stock market announcement.

OOCL christened its newest 8,888 teu newbuilding at a naming ceremony held at Hudong-Zhonghua Shipbuilding’s Changxing Island yard in Shanghai on Tuesday.

Orient Overseas Container Line (OOCL) has recorded higher lifting volumes in the third quarter ended 30 September 2014, boosted by strong contributions from the Asia-Europe trade.

As the losses mount year on year it can be difficult for companies to find a successful strategy to get back on an even keel again. One strategy can be to sell assets or divisions of the group as a whole.

Proving that not all Asian container lines are doing badly, Hong Kong-based Overseas Orient (International) Ltd, the parent of Orient Overseas Container Line (OOCL) turned spectacularly to a net profit of $181.3m from a loss of $15.3m in the previous corresponding period.

Hong Kong line Orient Overseas Container Line (OOCL) had a good second quarter with total volumes rising 11.2% to 1.45m teu  from 1.31m teu previously. Total revenues also increased by 6.8% to $1.50bn from $1.41bn in the second quarter of last year.

Hong Kong container line Orient Overseas Container Line (OOCL) christened the tenth and last in the current series of its 13,208-teu mega-class newbuildings at Samsung Heavy Industry's yard in Geoje Island this week.

Hong Kong's Orient Overseas Container Line (OOCL) had a sterling first quarter with total volumes rising 8.9% to 1.4m teu from 1.2m teu in the same period last year.

The G6 Alliance members have released the proposed port rotations for the expansion of Asia-North America West Coast and Trans-Atlantic services.

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