Hong Kong line Orient Overseas Container Lines (OOCL) has done a sale and leaseback arrangement for one of its vessels for $53.6m, pocketing an $800,000 gain in the process, the company said in a stock market announcement.
Hong Kong-based container line Orient Overseas Container Line (OOCL) could not escape the general slowdown in the boxship sector and saw second quarter total volumes falling 2.1% to 1.42m teu compared to the previous corresponding period.
Hong Kong shipping company Orient Overseas Container Line (OOCL) has maintained its commitment to high environmental standards by achieving dual reporting standards through the use of Clean Cargo Working Group (CCWG) and ISO 14064-1:2006...
The rapid rise of the mega-containership of 18,000 teu and above has radically altered the landscape of mainline container shipping.