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OOCL proceeds with mega-vessels order despite the pandemic challenges

Orient Overseas Container Line (OOCL) has announced it will follow its long-term plans and will proceed with its March order of five 23,000TEU container...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...

COSCO takes over Port of Kaohsiung

TAIPEI (Taiwan News) -- It appears that China's state-run shipping and logistics giant China Ocean Shipping Company (Cosco) could now own the Port of Kaohsiung,...

OOIL, half year results

• Group Revenue of US$3,115 million • 6% Liftings Growth to 3.3 million TEU • Group Operating Profit of US$51 million • Loss Attributable to Equity Holders of US$10 million • Loss per...

COSCO about the acquisition of OOIL

On 24 July 2018, COSCO SHIPPING Holdings Co., Ltd. (“COSCO SHIPPING Holdings”) completed the acquisition of shares from controlling shareholders in the offer to...

OOIL, Q2 operational update

UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE SECOND QUARTER ENDED 30TH JUNE 2018 The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has...

Cosco clears U.S. hurdle on Orient Overseas deal (Bloomberg)

Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its...
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Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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