As the number of ships passing through the drought-ridden Panama Canal and the terrorist-hit Red Sea slows, the geopolitical importance of these so-called choke points in world trade comes to the fore once again. The disruption inevitably works its way through to the Asia Pacific. Take the Panama...
Hong Kong-based Orient Overseas Container Line (OOCL) has placed an order for ten 16,000TEU container vessels to be built by two shipyards in China. Dalian COSCO KHI Ship ..
The containership OOCL Durban, owned by Hong Kong-based Orient Overseas Container Line (OOCL), has collided with a stationary vessel and a gantry crane while maneuvering toward its assigned berth at…
https://www.offshore-energy.biz/oocl-durban-causes-crane-collapse-at-taiwans-port/
Orient Overseas Container Line (OOCL) posted a 16.3% increase in revenue — a healthy third-quarter recovery from the height of the COVID-19 pandemic.
The Hong Kong-based container carrier reported total Q3 revenue was $1.91 billion. Revenue on trans-Pacific trade was up 18.4% to $825.3 million and 2.4% on the trans-Atlantic to $151.6 million.
Total volumes were up 9.5% from Q3 2019, driven in large part by a 22.6% jump on the trans-Atlantic trade to 141,584 twenty-foot equivalent units (TEUs)....
Orient Overseas Container Line (OOCL) said that although second-quarter volumes were down 4.6% year-over-year, total revenues increased 1.1%.
OOCL’s parent company, Orient Overseas (International) Ltd. (OOIL), covered the second quarter of 2020 in a one-paragraph overview dated Friday.
According to the release, second-quarter revenues totaled $1.58 million. Average revenue per twenty-foot equivalent unit (TEU) increased 5.9% compared to the same period last year.
OOCL said loadable capacity...
https://www.freightwaves.com/news/oocl-second-quarter-revenues-up-volumes-down
Here is a collection of three relevant stories that should not have passed unnoticed this month:
– “For the third quarter of 2019 (…), total volumes were 4.1% up from the same period last year. Total revenues increased by 5.8% to US Dollars 1,646.2 million. Loadable capacity increased by 4.7%. The overall load factor was 0.4% lower than the same period in 2018. Overall average revenue per teu increased by 1.6% …
The post On the wires: OOCL, IBM & HMM – the (very) good, the bad (so far) & the...