OOCL

Container Shipping Market: Weekly Analysis

The container shipping market exhibited a mix of resilience and volatility this week, with stocks reflecting the impact of global trade flows, fuel costs, and supply-demand imbalances. While some companies managed to post gains, others experienced notable declines due to shifting freight rates and macroeconomic pressures.

This report provides a detailed company-by-company analysis, shedding light on the forces driving each stock’s performance.

  • COSCO SHIPPING Holdings Co Ltd ADR (CICOY)

COSCO...

https://container-news.com/container-shipping-market-weekly-analysis/

Ocean Alliance replaces Rotterdam with Southampton on Europe-Far East service

Ocean Alliance of CMA CGM, COSCO, Evergreen and OOCL has decided to change the port rotation of a service between Europe and the Far East.

According to DynaLiners, the container shipping grouping will remove the Dutch port of Rotterdam from the service, replacing it with the port of Southampton in the United Kingdom.

The revised service, which is operated by 17 vessels of around 17,000 TEUs, will be as follows:

Ningbo (China) – Shanghai (China) – Shenzhen (Yantian, China) – Singapore – Tangier...

https://container-news.com/ocean-alliance-replaces-rotterdam-with-southampton-on-europe-far-east-service/

Major container lines report over US$27 billion in 2024 earnings

The major shipping lines that have reported and published their financial figures for 2024 have recorded combined full-year earnings before interest and taxes (EBIT) of US$27.3 billion.

In comparison, the same group of shipping lines generated nearly US$200 billion in combined EBIT across 2021 and 2022.

However, despite the decline from peak pandemic-era profits, the 2024 profitability level remains significantly higher than in pre-Covid years. The EBIT recorded in 2024 exceeds the combined EBIT...

https://container-news.com/major-container-lines-report-over-us27-billion-in-2024-earnings/

OOCL sees strong 2024 results despite ocean shipping challenges

Orient Overseas (International) Ltd. (OOIL) announced robust financial results for 2024 driven by its OOCL ocean container business, with profit attributable to equity holders reaching $2.58 billion, up from $1.37 billion in 2023.

The Hong Kong-based company owned by China’s Cosco Shipping reported revenue increased to $10.7 billion for calendar 2024 from $8.34 billion in 2023. Operating profit rose to $2.62 billion from $1.41 billion, while earnings per share grew to $3.90 from $2.07.

OOIL (0316....

https://www.freightwaves.com/news/oocl-sees-strong-2024-results-despite-ocean-shipping-challenges

Shipping Stock Market: Weekly Update

The container shipping sector continues to navigate a dynamic landscape shaped by shifting freight rates, global economic conditions, and supply chain developments. Investor sentiment remains mixed as companies balance operational efficiency with market volatility. While some firms benefit from stable long-term charters, others face pressure from fluctuating spot rates and macroeconomic uncertainties. The ongoing adjustments in capacity management, fuel costs, and geopolitical factors further...

https://container-news.com/shipping-stock-market-weekly-update/

COSCO, OOCL add Guinean port to MWAX service rotation

COSCO and its subsidiary OOCL have enhanced their joint MWAX service by adding the port of Conakry to the rotation, according to Alphaliner.

Therefore, the MWAX service, which is operated by two 1,700 TEU container vessels, will now have the following itinerary: Valencia (Spain) – Algeciras (Spain) – Dakar (Senegal) – Tema (Ghana) – Takoradi (Ghana) – Abidjan (Côte d’Ivoire) – Conakry (Guinea) – Dakar – Valencia.

The service runs on a 17-day frequency.


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https://container-news.com/cosco-oocl-add-guinean-port-to-mwax-service-rotation/

El puerto de la costa este de EE. UU. Ve la llamada de boxship más grande

El puerto de Charleston, Carolina del Sur, marcó el martes la llamada de la boxship más grande en la historia del contenedor Gateway. El iris OOCL, con una capacidad de 16,828 unidades equivalentes de veinte pies y más de 1,200 pies de largo, listos en la terminal Wando Welch, superando la marca...

https://fullavantenews.com/el-puerto-de-la-costa-este-de-ee-uu-ve-la-llamada-de-boxship-mas-grande/?lang=es

Shipping shortage on Europe-India route

The Europe-India trade still does not have adequate tonnage as the new Gemini Cooperation of Maersk and Hapag-Lloyd plus Premier Alliance (ONE, HMM and Yang Ming) include the route on their East-West networks, according to Alphaliner.

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jQuery(document).ready(function(){ jQuery(‘#dd_47766b78162d7d0298bc3140a959bb91’).on(‘change’,...

https://container-news.com/shipping-shortage-on-europe-india-route/

US East Coast port sees largest-ever boxship call

The Port of Charleston, South Carolina, on Tuesday marked the call of the largest boxship in the container gateway’s history.

The OOCL Iris, with capacity of 16,828 twenty-foot equivalent units and more than 1,200 feet in length, berthed at the Wando Welch Terminal, besting the previous mark by CMA CGM’s Marco Polo, when the 16,022-TEU ship called in May 2021.

“SC Ports’ strategic infrastructure investments allow us to continue welcoming the largest ships calling the U.S. East Coast,” SC Ports...

https://www.freightwaves.com/news/us-east-coast-port-sees-largest-ever-boxship-call

Weekly Update: Stock Performance of Container Shipping Sector

The container shipping industry continues to navigate a complex and ever-evolving landscape, shaped by shifting economic conditions, geopolitical tensions, and supply chain disruptions. Over the past week, stock prices across major shipping companies have reflected a mix of resilience and volatility, influenced by factors ranging from Red Sea security threats to fluctuating global trade demand.

As freight rates remain elevated and rerouted shipping lanes reshape the industry’s cost structures,...

https://container-news.com/weekly-update-stock-performance-of-container-shipping-sector/

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