Orient Overseas Container Line (OOCL)

OOCL posts strong Q1 results with surge in revenue and box volumes

For the first quarter of 2025, Orient Overseas Container Line’s (OOCL’s) revenues reached US$2.3 billion, representing a 17% growth compared to the same period last year.

The COSCO-owned container line increased its total lifting by 9% to 1.96 million TEUs, while the loadable capacity increased by 8.5%.

The overall load factor was 0.6% higher than the same period in 2024, and the overall average revenue per TEU increased by 6.9% year-on-year.


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https://container-news.com/oocl-posts-strong-q1-results-with-surge-in-revenue-and-box-volumes/

OOCL posts solid revenue and profit growth

Orient Overseas (International) Limited, owner of Orient Overseas Container Line (OOCL), has reported strong financial results for the full year 2024, with a total revenue of US$10.7 million.

The company achieved an EBIT of US$2.6 million, reflecting solid profitability at the operational level, while EBITDA stood at US$3.5 million, demonstrating strong earnings before accounting for depreciation and amortization. Additionally, operating cash flow reached US$3.2 million, highlighting the firm’s...

https://container-news.com/oocl-posts-solid-revenue-and-profit-growth/

OOCL unveils third 16,828 TEU container ship

Hong Kong-based box carrier Orient Overseas Container Line (OOCL) marked a significant milestone with the naming ceremony of its third state-of-the-art 16,828 TEU container vessel, OOCL Sunflower, at Dalian COSCO KHI Ship Engineering Co. (DACKS).

The vessel was officially named by Jenny King, Director and General Manager of INTCO Recycling Resources Co., in the presence of distinguished guests, partners, and customers.

Part of OOCL’s newest series of eco-friendly vessels, each with a capacity of...

https://container-news.com/oocl-unveils-third-16828-teu-container-ship/

OOCL nears US$10 billion in annual revenues

Hong Kong-based container carrier Orient Overseas Container Line (OOCL) achieved a 55% increase in its 2024 fourth quarter revenues, compared to the same period last year, reporting over US$2.5 billion.

For the same period, OOCL handled around 2 million TEUs, representing a 6% growth compared to the corresponding figure in 2023 Q4.

Furthermore, the average revenue per TEU for the subsidiary of Chinese shipping giant COSCO saw a substantial increase of 46% year-over-year in the last quarter of...

https://container-news.com/oocl-nears-us10-billion-in-annual-revenues/

Container lines unveil Transatlantic services

Singapore-headquartered Ocean Network Express (ONE) has announced three North Europe Transatlantic services, effective from February 2025, which will be operated together with CMA CGM, COSCO, Orient Overseas Container Line (OOCL) and Evergreen, as part of a vessel-sharing cooperation.

Jeremy Nixon, CEO of ONE, said, “AS ONE we look forward to our new collaboration with CMA CGM, COSCO, OOCL and Evergreen in the Transatlantic trade starting in February 2025. Combining our collective fleet...

https://container-news.com/container-lines-unveil-transatlantic-services/

OOCL starts two new intra-Asia services

Orient Overseas Container Line (OOCL) has announced two new services connecting major Chinese ports with Southeast Asia and the Indian subcontinent.

The Far East – Chennai Service 3 (FCS3), launched on 6 December, aims to establish direct connections between multiple ports in China, Vietnam, Thailand, Malaysia, and East India.

The port rotation of the service will be Nansha – Shekou – Ho Chi Minh City – Laem Chabang – Port Kelang – Chennai – Port Kelang – Nansha.

Additionally, OOCL’s China India...

https://container-news.com/oocl-starts-two-new-intra-asia-services/

OOCL, Yang Ming launch new China-Thailand service

Orient Overseas Container Line (OOCL) and Yang Ming have announced a new container service connecting China with Thailand.

The new service will commence on 10 January from the port of Shanghai, offering a 21-day round-trip with fixed weekly sailings.

The port rotation of the new service will be Shanghai (China) – Ningbo (China) – Xiamen (China) – Nansha (China) – Laem Chabang (Thailand) – Shekou (China) – Shanghai.

The service, branded as China Laem Chabang Service (CHL2) by OOCL and...

https://container-news.com/oocl-yang-ming-launch-new-china-thailand-service/

OOCL unveils OOCL Iris: Next-Gen 16,828 TEU Smart Vessel

Orient Overseas Container Line (OOCL) introduced its newest 16,828 TEU container vessel, OOCL Iris, marking a significant milestone as the second of ten 16,000 TEU vessels ordered by OOCL and the first delivered by Nantong COSCO KHI Ship Engineering (NACKS).

The vessel’s name, “Iris,” carries a dual significance, symbolizing both the flower and OOCL’s proprietary IT innovation, the Integrated Regional Information System. Launched in 1999, this groundbreaking system revolutionized the company’s...

https://container-news.com/oocl-unveils-oocl-iris-next-gen-16828-teu-smart-vessel/

OOCL names its newbuild 16,800 TEU vessel in China

Orient Overseas Container Line (OOCL) has officially named its first brand-new 16,828 TEU container vessel, OOCL Bauhinia, at a ceremony held at the Dalian COSCO KHI Ship Engineering (DACKS) shipyard in China.

OOCL Bauhinia will be deployed on the Trans-Pacific Trade PCC1 service, linking Asia with the US West Coast. The service’s port rotation includes: Ningbo (China), Shanghai (China), Pusan (South Korea), Long Beach (USA), Pusan (South Korea), and Ningbo (China), completing a 42-day round...

https://container-news.com/oocl-names-its-newbuild-16800-teu-vessel-in-china/

OOCL reports strong results in 2024 third quarter

Orient Overseas Container Line (OOCL) has announced that its third-quarter revenues increased by 73.7% to US$3 billion.

At the same time, the COSCO-owned carrier’s total liftings increased by 3.6% to 1.9 million TEUs and the loadable capacity decreased by 1.6%. The overall load factor was 4.2% higher than the same period in 2023, while overall average revenue per TEU increased by 67.6% compared to the third quarter of last year.

Additionally, for the first nine months of 2024, OOCL’s total...

https://container-news.com/oocl-reports-strong-results-in-2024-third-quarter/

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