COSCO-owned OOIL wrapped up 2019 with a significant earnings growth despite market uncertainties.
https://worldmaritimenews.com/archives/293034/ooil-ready-for-potential-headwinds/
OOIL
OOCL Orders Five 23,000 TEU Giants in China
Orient Overseas Container Line Limited orders five 23,000 TEU boxships at COSCO yards in China.
https://worldmaritimenews.com/archives/292350/oocl-orders-five-23000-teu-giants-in-china/
Troubled PIL ceases trans-Pacific services
Pacific International Lines (PIL) announced on 14 February 2020 that it will be exiting the Trans-Pacific trades.
The company’s last trans-Pacific sailing will be in March.
PIL said: “Henceforth, PIL will focus on further strengthening its position in the North-South Trade such as Africa, Middle East / Red Sea, India Sub-Continent, Latin America, and Oceania.”
While the Singapore-based liner operator said that the decision resulted from continuous effort to optimise its network efficiency, PIL had...
https://container-news.com/troubled-pil-ceases-trans-pacific-services/
OOIL Wraps Up Long Beach Container Terminal Sale
The terminal was sold as part of COSCO’s USD 6.3 billion takeover of OOIL.
https://worldmaritimenews.com/archives/285338/ooil-wraps-up-long-beach-container-terminal-sale/
OOIL Swings Back to Profit in H1
OOIL, parent company of OOCL, managed to return to profit in the first half of 2019.
https://worldmaritimenews.com/archives/282119/ooil-swings-back-to-profit-in-h1/
OOIL Selling Long Beach Terminal for USD 1.78 Bn
OOIL is to sell the Long Beach Container Terminal to Macquarie Infrastructure Partners for USD 1.78 billion.
https://worldmaritimenews.com/archives/275907/ooil-selling-long-beach-terminal-for-usd-1-78-bn/
OOIL, JD Logistics to Jointly Invest in Eshipping
OOIL, COSCO SHIPPING Logistics, JD Logistics teamed up to invest in online logistics platform Eshipping.
https://worldmaritimenews.com/archives/274420/ooil-jd-logistics-to-jointly-invest-in-eshipping/
Yilport in talks for Long Beach container terminal
Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, California, a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.
The discussions between Yilport, backed by businessman Robert Yuksel Yildirim, and terminal owner Cosco Shipping Holdings Co. aren’t yet exclusive, said the people, who asked not to be identified because the information is private. There were at least two other bidders who made the shortlist...
https://container-news.com/yilport-in-talks-long-beach-container-terminal/