Which shipping line is OOCL?
Orient Overseas Container Line
Orient Overseas Container Line, commonly known as OOCL, is a container shipping and logistics service company with headquarters in Hong Kong, China.
What does OOCL mean in shipping?
IDENTITY AND DEFINITION OF CARRIER. “Orient Overseas Container Line” and “OOCL” are trade names for transportation provided separately by: Orient Overseas Container Line Limited (“OOCLL”) and OOCL (Europe) Limited (“OEUL”) respectively as follows:-
Who is OOCL owned by?
Cosco Shipping Holdings
Hong Kong-based is a large integrated international container transportation, logistics and terminal company with offices in seventy countries. In 2017, Cosco Shipping Holdings and Shanghai International Port Group made its cash offer to buy the Orient Overseas International Ltd. (OOIL), parent company of OOCL.
Does Cosco own OOCL?
OOCL is part of the COSCO Group, which together comprise the third biggest container shipping group in the world by market share, behind A.P. Moeller-Maersk and MSC. However, once all vessel orders are fulfilled, it will be overtaken by CMA CGM.
Is OOCL part of Cosco?
COSCO Shipping’s takeover of OOCL to complete by end-June: vice chairman. SHANGHAI (Reuters) – COSCO Shipping’s 601919. SS planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the company’s vice chairman Huang Xiaowen said on Tuesday.
Is Cosco and OOCL same?
The acquisition effectively integrated the global network advantage of OOCL and COSCO SHIPPING Lines under COSCO SHIPPING Holdings, beneficial to fully achieving the synergies between the two sides, enriching the product selection for customers and allowing customers to enjoy a better service experience.
Are OOCL and Cosco merger?
Cosco Shipping Holdings Co., Ltd. has completed the acquisition of shares from controlling shareholders in the offer to acquire OOIL, which marks the change of OOIL’s controlling shareholder to Cosco Shipping Holdings.
Did Cosco buy OOCL?
China’s COSCO Shipping Holdings has taken the helm at Orient Overseas Container Lines (OOCL) as it completed the acquisition of the company’s majority stake.
When did Cosco buy OOCL?
2018 was a landmark year in the development of OOIL. In July, COSCO SHIPPING Holdings successfully acquired OOIL, with the new combined group stepping up in terms of total capacity and joining the top three in the industry.