The EU has ruled that container lines cannot be make general rate increases (GRIs) more than 31 days in advance, with companies bound by the maximum rate level for period of announcement.
The reality of the disaster 2015 has been for the container shipping industry is starting to hit home, with Hong Kong's Orient Overseas Container Line (OOCL), normally very good at riding out downturns, reporting total revenue for the fourth...
A consortium of five Asia-based container carriers – Hanjin Shipping MOL, K Line, OOCL and Coscon – will expand its Far East-Australia services from February next year in response to market demand.
Containership OOCL Europe, which made her maiden call at King Abdul Aziz Port in Dammam this week, was welcomed by its newest terminal operator Saudi Global Ports (SGP).
Hong Kong's Orient Overseas Container Lines (OOCL) has launched the last of its eight 8,888 teu SX Class ships on order from Hudong-Zhonghua Shipbuilding.
Orient Overseas Container Lines (OOCL) saw third quarter total volumes rise 1.9% to 1.45m teu from 1.42m teu in the previous corresponding quarter, it said in a stock market announcement.
The common denominator behind the improved performances of liner companies in the current reporting period has been the sharp drop in bunker prices. This has made up for the drops in revenue per teu they have experienced.
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...