Orient Overseas International Limited (OOIL)

OOCL reports robust first-half financial figures

Orient Overseas (International) Limited (OOIL) has released its financial and operational results for the first half of 2024, showcasing a strong performance despite a dip in profit compared to the previous year.

The company, which owns Hong Kong-based ocean carrier Orient Overseas Container Line (OOCL), reported a group revenue of US$4.646 billion and delivered an EBIT of US$841 million, with an EBITDA of US$1.277 billion. The company’s operating cash flow remained solid at US$959 million....

https://container-news.com/oocl-reports-robust-first-half-financial-figures/

OOCL experiences financial downturn despite modest box volume growth

Orient Overseas International Limited (OOIL), the owner of Hong Kong-based ocean carrier Orient Overseas Container Line (OOCL), announced its financial and operating results for the last year.

In 2023, the company reported revenues of US$8.34 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) of US$2.26 billion, earnings before interest and taxes (EBIT) of US$1.41 billion and profit of US$1.37 billion. At the end of 2023, OOIL’s operating cash flow was US$617...

https://container-news.com/oocl-experiences-financial-downturn-despite-modest-box-volume-growth/

OOIL listed in Dow Jones Sustainability Asia/Pacific index

Orient Overseas International Limited (OOIL), the parent company of Orient Overseas Container Line (OOCL) and OOCL Logistics, was continuously selected for inclusion in the Dow Jones Sustainability Asia/Pacific Index, effective from 18 December.

Dow Jones Sustainability Asia/Pacific Index was designed to measure the performance of Asia-Pacific sustainability leaders and is a member of the Dow Jones Sustainability Indices (DJSI), which is the first sustainability benchmarks available in the...

https://container-news.com/ooil-listed-in-dow-jones-sustainability-asia-pacific-index/

OOCL’s parent company changes CEO

Orient Overseas International Limited (OOIL) said that Huang Xiaowen has retired as executive director and CEO of the company, and is no longer a member of the Executive Committee and the chairman of the company’s Inside Information Committee, Risk Committee, and Strategic Development Committee.

Chen Yangfan has been appointed as the new executive director and chief executive officer of OOIL. Chen Yangfan, 47, is the deputy general manager and a member of the Party Committee of China COSCO...

https://container-news.com/oocls-parent-company-changes-ceo/

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/

OOCL reports more than US$7.3 billion operating profit in 2021

Orient Overseas (International) Limited (OOIL), the mother-company of Orient Overseas Container Line (OOCL), has announced its full-year results for 2021.

The container transport and logistics business reported earnings before interest and taxes (EBIT) of US$7.387 billion, representing an EBIT margin of approximately 44%, while its liner liftings grew to 7.6 million TEU.

Meanwhile, in 2021, the company has ordered ten 16,000 TEU new vessels for delivery in 2024 and 2025.

The overall revenue of...

https://container-news.com/oocl-reports-more-than-us7-3-billion-operating-profit-in-2021/

OOCL reports skyrocketing first half figures

Orient Overseas International Limited (OOIL), which owns the container carrier Orient Overseas Container Line (OOCL), has published its financial and operational results for the first half (H1) of 2021, representing the best six-monthly results in the Group’s history with spikes in all sectors.

Particularly, during H1, the Hong Kong-based shipping company saw its total revenue reach almost US$7 million, which translates to a year-on-year surge of 108%, while revenue per TEU also increased by 74%.

https://container-news.com/oocl-reports-skyrocketing-first-half-figures/

Investment agreement for COSCO logistics platform

Orient Overseas International Limited (OOIL), COSCO Shipping Logistics and JD Logistics entered into an “Investment and Cooperation Agreement”, in order to establish the Joint Venture through the Joint Venture Formation.

The Joint Venture Formation will involve:

  • the injection of the JD Onshore Company into the Joint Venture by JD Logistics and the acquisition of the JD Offshore Company by the Joint Venture funded by JD Logistics
  • the acquisition of Eshipping by Gold Talent and COSCO SHIPPING...

https://container-news.com/investment-agreement-cosco-logistics-platform/