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Orient Overseas Container Line Ltd News

26 Feb 2024

Eighth 24,188 TEU Ship Joins OOCL's Fleet

OOCL Abu Dhabi (Photo: OOCL)

Hong Kong based ocean carrier Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of its eighth 24,188 TEU containership, OOCL Abu Dhabi.The vessel is the fourth in a series of six 24,188 TEU newbuilds to be delivered to OOCL by the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard in China. The ultra large containership is 400 meters long and 61.3 meters wide.OOCL Abu Dhabi was officially named during a ceremony at the shipyard on February 25.

05 Jan 2024

24,188 TEU 'Mega Vessel' Delivered to OOCL

OOCL Valencia (Photo: OOCL)

Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of another new 24,000 TEU mega vessel.Named OOCL Valencia during a ceremony at China's Nantong COSCO KHI Ship Engineering Co., Ltd., the newbuild is the seventh eco-friendly 24,188 TEU vessel in a series of 12 ordered by OOCL. It will serve OOCL’s Asia-Europe LL1 service.YU Tao, Director and Member of Executive Committee of OOCL, said at the ceremony: “Last year, OOCL received a total of six new container vessels and thus rapidly optimized the fleet structure of both OOCL and the group.

08 Jun 2023

OOCL Adds Third 24,188 TEU Containership

OOCL Turkiye (Photo: OOCL Turkiye)

Hong Kong-based Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of another 24,188 TEU mega ship.The OOCL Turkiye, recently named during a ceremony at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) shipyard, is the third 24,188TEU vessel to be received by OOCL in a series of12.Being a part of OOCL’s strategic plan for further growth in Asia -Europe trade, OOCL Turkiye will join her sister vessels OOCL Spain and OOCL Piraeus in serving OOCL’s Asia-Europe LL3 service loop.

16 Feb 2023

OOCL Welcomes its First 24,188 TEU Containership

OOCL Spain (Photo: OOCL)

Hong Kong-headquartered shipping company Orient Overseas Container Line Ltd. (OOCL) welcomed to its fleet its first 24,188 TEU mega vessel, OOCL Spain, officially named at a ceremony held Thursday at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) in Nantong, China.The ultra-large containership is the lead vessel in a series of six OOCL ordered from NACKS in 2020.The first of OOCL’s vessels to exceed the 24,000 TEU threshold, OOCL Spain is 399.99 meters long and 61.3 meters wide…

06 Nov 2018

Global Shipping Business Network on Blockchain Platform Launched

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software solutions provider CargoSmart.The new platform will establish a digital baseline that aims to connect all stakeholders, including carriers, terminal operators…

09 Aug 2018

Diana Containerships TC Contract for m/v Pamina with HMM

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina.The global shipping company specializing in the ownership of containerships said that the  gross charter rate is US$11,950 per day, minus a 5% commission paid to third parties, for a period of minimum eight months to maximum 12 months.The charter will commence on August 24, 2018. The m/v Pamina is currently chartered, as previously announced, to Orient Overseas Container Line Ltd., Hong Kong, at a gross charter rate of US$9…

09 Aug 2018

Diana Containerships Announces Time Charter

Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, for one of its Panamax container vessels, the m/v Pamina. The Pamina is a 5,042 TEU container vessel built in 2005.The gross charter rate is $11,950 per day, minus a 5 percent commission paid to third parties, for a period of minimum eight months to maximum twelve months. The charter will commence on August 24, 2018.This employment is anticipated to generate approximately $2.87 million of gross revenue for the minimum scheduled period of the time charter.The m/v Pamina is currently chartered to Orient Overseas Container Line Ltd.…

28 May 2018

Diana Containerships Continues TC for m/v Pucon With OOCL

Diana Containerships announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for one of its Post-Panamax container vessels, the m/v Pucon. The gross charter rate is US$18,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum eight months to maximum twelve months. The new charter period will commence on June 22, 2018. The m/v Pucon is currently chartered, as previously announced, at a gross charter rate of US$10,750 per day, minus a 3.75% commission paid to third parties. The “Pucon” is a 6,541 TEU container vessel built in 2006.

21 Aug 2017

Diana Reactivates Idle Containership

Diana Containerships Inc. said plans to reactivate one of its idle Panamax container vessels, the m/v Pamina, a 5,042 TEU container vessel built in 2005. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for the m/v Pamina. The gross charter rate is $9,500 per day, minus a 3.75 percent commission paid to third parties, for a period of minimum seven months to maximum 12 months. The charter will commence on September 13, 2017.   This employment is anticipated to generate approximately $2 million of gross revenue for the minimum scheduled period of the time charter.

16 Mar 2017

Mega 20,150 TEU Containership Named MOL Triumph

The 20,150 TEU, 400m-long MOL Triumph is scheduled to be delivered March 27. (Photo: Samsung Heavy Industries)

A new 20,150 TEU containership has captured the “world’s largest” title: MOL Triumph, the first in a series of new mega containerships for Japan’s Mitsui O.S.K. Lines, Ltd., (MOL) was named at Samsung Heavy Industries, Ltd.’s (SHI) Geoje, South Korea shipyard. MOL Triumph is the first of four 20,000 TEU class ultra-large container carriers ordered by MOL in February 2015 to be built by SHI for 2017 delivery. Each surpasses the record setting 19,000+ TEU vessels built by Daewoo Shipbuilding & Marine Engineering (DSME) for Mediterranean Shipping Company (MSC)…

13 Mar 2017

Diana Containerships Reactivates Time Charter With OOCL

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that it plans to reactivate one of its Post-Panamax container vessels, the m/v Pucon. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Orient Overseas Container Line Ltd., Hong Kong, for the m/v Pucon. The gross charter rate is US$10,750 per day, minus a 3.75% commission paid to third parties, for a period of thirteen (13) months, plus or minus thirty (30) days. The charter is expected to commence on April 27, 2017. The “Pucon” is a 6,541 TEU container vessel built in 2006.

02 Mar 2017

Diana Charters OOCL Box Ship

Diana Containerships Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Orient Overseas Container Line Ltd. (OOCL), Hong Kong, for its 5,576 TEU Post-Panamax container vessel m/v Great built in 2004.   The gross charter rate is $7,300 per day, minus a 3.75 percent commission paid to third parties, for a period of minimum nine months to maximum 12 months. The charter is expected to commence on April 8, 2017.   According to Diana, the employment is anticipated to generate approximately $1.97 million of gross revenue for the minimum scheduled period of the time charter.

02 Dec 2016

Box Ship Detention Upheld after Appeal

The Australian Maritime Safety Authority’s decision to detain a Hong Kong flagged containership which dumped food waste in close proximity to Fraser Island in May was affirmed by the Administrative Appeals Tribunal at a hearing on November 25, 2016. AMSA detained the vessel OOCL Le Havre in Brisbane after a Port State Control inspection on May 24 found that its Safety Management System had failed to ensure crew had an adequate understanding of the rules and regulations related to the management and discharge of garbage at sea in accordance with the international convention for the prevention of pollution from ships (MARPOL). The inspection also found that on 23 May crew dumped 0.08 cubic meters of food waste into the ocean less than 3 nautical miles from the nearest land.

22 Jan 2015

Canadian Pacific Hires Marsh as Sales VP

The appointment of Tim Marsh as senior vice president sales and marketing by Canadian Pacific Railway Ltd is aimed at bolstering its battered intermodal business, says a report from Globe and Mail. Marsh, who brings 25 years of international shipping industry sales and marketing experience, most recently served as executive VP North America Trade Division for Cosco Container Lines (COCSO), the global shipping giant. CP has lost some big intermodal customers to Canadian National Railway Co., and appears to be taking a big step toward winning new contracts in the business of handling containers that travel by ship, rail and truck. Marsh will lead a sales team that has recently lost the intermodal business of APL Ltd., Mitsui O.S.K. Lines, and Orient Overseas Container Line Ltd.

19 Aug 2014

Asia–U.S. Container Lines to Introduce Freight Increase

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at least US$600 per 40-foot container (FEU) to all destinations, effective September 1, 2014 Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly. TSA lines said the planned GRI follows strong cargo demand and high vessel utilization levels in recent months, which forward bookings suggest will continue through September. With equipment, inland transport and other cargo handling costs rising steadily, carriers see higher baseline rates going into 2015 as essential to maintaining adequate service levels over time.

25 Apr 2013

ABS Elects New Council and Committee Members

At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. "ABS' strength as a global classification society is drawn from its membership and the many regional, national and technical committees that contribute to the process of developing practical, impartial and authoritative standards," said ABS Chairman Robert D. Somerville. •    Robert G. •    James G. •    Maria F. •    Chow Yew Yuen, Keppel Offshore & Marine USA Inc. •    Dr. Jen-Hwa Chen, Chevron Shipping Co. •    Dr.

13 Jun 2012

Box Ships to Acquire Two OOCL Vessels

Box Ships Inc. Enters Into Agreement To Acquire Two Vessels From OOCL And Related Financing Transaction; public offering of preferred shares and warrants commenced. Box Ships Inc. (NYSE: TEU) (the "Company"), a global shipping company specializing in the seaborne transportation of containers, announced that it has entered into agreements with subsidiaries of Orient Overseas Container Line Ltd. (OOCL) to acquire two 5,344 TEU post-Panamax container vessels, the 1995-build OOCL Hong Kong and the 1996-build OOCL China. The purchase price per vessel is US$31.155 million, inclusive of fees and the expected dates of delivery for both vessels to the Company are to take place no later than July 14, 2012.

28 Mar 2006

EMC, OOCL and YML to Launch THX Service

Evergreen Marine Corp (Taiwan) Ltd (EMC), Orient Overseas Container Line Ltd (OOCL) and Yang Ming Marine Transport Corp (YML), announced that they will jointly operate a twice weekly Taiwan/Hong Kong to Vietnam Express Service with a round voyage time of 21 days. The new service has been named Taiwan/Hong Kong/Ho Chi Minh Express Service (THX). A total of three containerships, each with 900TEU operating capacity, will be deployed on the THX service with commencement around April 4, starting from Kaohsiung.

30 Apr 2001

Samsung Lands $330 Million in Orders

South Korea's Samsung Heavy Industries Co. said on Saturday it won $330 million in orders to build a liquefied natural gas (LNG) carrier for BP Amoco Plc and two large container vessels for Hong Kong's Orient Overseas Container Line Ltd (OOCL) - scheduled for delivery in early 2004. BP Amoco would pay Samsung Heavy $170 million for a 138,000-cu. m. LNG carrier, a Samsung spokesman said. The two container ships for OOCL, a unit of Hong Kong-based Orient Overseas International Ltd would measure 7,400 TEU.