Orient Overseas Container Line (OOCL)

OOCL introduces new service to connect Greece, Türkiye, Spain, and Morocco

COSCO-owned container line Orient Overseas Container Line (OOCL) will enhance its intra-European service network with a new route.

OOCL will launch the brand new Türkiye Spain Morocco Express (TSM) service, which will provide direct links between Greece, Türkiye, Spain and Morocco along with a transshipment connection at the Mediterranean hub of Piraeus in Greece.

The full port rotation of the TSM service will be Piraeus (Greece) – Thessaloniki (Greece) – Safi Port Derince (Türkiye) – Gemlik...

https://container-news.com/oocl-introduces-new-service-to-connect-greece-turkiye-spain-and-morocco/

OOCL receives another 24,188 TEU mega container vessel

Orient Overseas Container Line (OOCL) strengthens its vessel fleet by adding another 24,188 TEU container ship, named OOCL Felixstowe and built at the Dalian COSCO KHI Ship Engineering, (DACKS) shipyard.

The new ship is the fourth eco-friendly 24,188 TEU vessel to be received by the COSCO-owned ocean carrier in a series of 12, and will be serving the Asia-Europe LL3 service with its three sister vessels.

The port rotation of OOCL Felixstowe will be Shanghai (China) – Xiamen (China) – Nansha...

https://container-news.com/oocl-receives-another-24188-teu-mega-container-vessel/

OOCL reports significant revenue decline amid steady box volumes

COSCO-owned Orient Overseas Container Line (OOCL) reported total revenues of US$1.98 billion for the second quarter, translating to a huge year-on-year 62.6% decrease, while the company’s revenues for the first six months of 2023 fell by 60.2% to US$4.15 billion.

On the other hand, the total number of liftings grew slightly by 1.3% in the second quarter of the year reaching 1.86 million TEUs.

Additionally, OOCL handled 3.6 million TEUs in the first half of 2023, representing a 1% decline.

The post

https://container-news.com/oocl-reports-significant-revenue-decline-amid-steady-box-volumes/

OOCL’s revenue more than halved in 2023 first quarter

Orient Overseas Container Line (OOCL) announced that its total revenues dropped by 57.8% to approximately US$2.2 billion in the first quarter of 2023, compared to the same period in the previous year.

Additionally, the COSCO-owned container line reported that its total liftings fell slightly by 3.2% to around 1.7 million TEUs, while the company’s loadable capacity rose by 0.7%. The total load factor was 3.3% lower than in 2022 during the same time.

It is also important to mention that compared to...

https://container-news.com/oocls-revenue-more-than-halved-in-2023-first-quarter/

Stronger financial results, lower box volumes for OOCL in 2022

Orient Overseas (International) Limited, the parent company of Orient Overseas Container Line (OOCL) announced the full-year results for 2022, reporting revenue of US$19.82 billion.

In addition, the company’s earnings before interest and taxes (EBIT) rose to US$10.089 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$10.95 billion.

Meanwhile, the profit attributable to equity holders for 2022 was US$9.965 billion.

Meanwhile, OOCL carried 7.1 million...

https://container-news.com/stronger-financial-results-lower-box-volumes-for-oocl-in-2022/

GSBN, COSCO, OOCL, and SICIT partner to boost safety in chemical cargo transportation

Global Shipping Business Network (GSBN), an independent, non-profit blockchain technology consortium, announced its collaboration with COSCO SHIPPING Lines, Orient Overseas Container Line (OOCL) and the Shanghai Research Institute of Chemical Industry Testing (SICIT) to improve the safe transportation of chemical cargo through the use of blockchain technology.

GSBN noted that special cargo with designated goods, such as chemicals and lithium batteries, should be certified as safe to transport...

https://container-news.com/gsbn-cosco-oocl-and-sicit-partner-to-boost-safety-in-chemical-cargo-transportation/

OOCL, Canada Maritime order new boxships for Montreal Gateway trade

Canada Maritime and Orient Overseas Container Line (OOCL) agreed to commission new tonnage to be built simultaneously for deployment in the trade between North Europe and North America via Montreal, Canada.

The two shipping lines, which are long-term partners in the St Lawrence Co-ordinated Service (SLCS), have contracted with Daewoo Shipbuilding and Heavy Machinery of South Korea to construct three ice-strengthened and winterised container ships, which will be 294 metres long and 32.2 metres...

https://container-news.com/oocl-canada-maritime-order-new-boxships-for-montreal-gateway-trade/

OOCL receives its first giant vessel with over 24,000 TEU capacity

Orient Overseas Container Line (OOCL) received its first 24,188 TEU container ship, which was officially named “OOCL Spain” at a ceremony held on 16 February in Nantong, China at the No.2 outfitting quay of Nantong COSCO KHI Ship Engineering Co. (NACKS), which built the ship.

The giant vessel has a total length of 399.99 meters and a width of 61.3 meters and is the first container ship of OOCL to exceed the 24,000 TEU threshold.

OOCL Spain will join OOCL’s Asia-Europe service LL3 in March with...

https://container-news.com/oocl-receives-its-first-giant-vessel-with-over-24000-teu-capacity/

OOCL boosts annual revenues amid box volume decline

Orient Overseas Container Line (OOCL) reported reduced container volumes for 2022. COSCO-owned ocean carrier handled 7,129,358 TEUs, down 6% compared with the previous year.

On the other hand, OOCL’s total revenues increased significantly by 19.1% to over 18.6 billion in 2022.

“Average revenue per TEU increased by 26.7% compared to the same period last year,” noted OOCL in its statement, while the whole load factor was 1.5% lower than in 2021.

Additionally, the loadable capacity dropped by 4.3% in...

https://container-news.com/oocl-boosts-annual-revenues-amid-box-volume-decline/

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