Tag: OOCL

Maersk and IBM are reportedly struggling with their blockchain platform, TradeLens, as besides them, only one other carrier has joined in, Pacific International Lines. This comes at a time when, Maersk's competitors such as CMA CGM, Cosco, Evergreen, OOCL and Yang Ming have also established a similar platform.

Ocean Alliance with Yang Ming and major terminal operators initiated a blockchain consortium in order to establish a digital platform. Τhe pilot project will consist an application which will allow shippers to digitize and organize their dangerous goods documents and automatically connect with relevant parties to streamline the approval process. The application is scheduled to be available in December 2018.

Hong Kong-based OOCL announced it will begin transition into the use of Low Sulphur Fuel for its entire fleet during the second half of 2019, in order to meet the 2020 sulphur requirements. OOCL added it will be introducing a bunker recovery approach based on a floating bunker formula.

In line with its efforts to decrease environmental footprint from its operations, Hong Kong-based OOCL announced the expansion of its GHG reporting and verification scope, to include indirect emissions from business travel by air for employees of its Hong Kong office and for its two terminals, in US and Taiwan.  

Orient Overseas announced its 2018 Interim Results, with outgoing Chairman of OOIL, Mr. C C Tung commenting on the upcoming merger with Cosco. Mr. C C Tung seemed optimistic about this development and noted that this transaction will offer many opportunities to both the companies.

Orient Overseas International informed that Cosco and SIPG acquired Orient Overseas Container Lines. The proposed takeover will cost $6.3 billions. Earlier this month, Cosco had received the decision from the Anti-Monopoly Bureau of the State Administration for Market Regulation of China, not to prohibit the offer.

COSCO SHIPPING Holdings received authorization to takeover Orient Overseas Container Lines. The proposed takeover will cost $6.3 billions, and was given permission at the end of the deadline, which was set for the end of June. Closing of the offer is now subject to the Conditions being fulfilled.

MSRA, Microsoft’s research arm, and Hong Kong-based shipping company OOCL announced partnership in applying Artificial Intelligence research to improve network operations and achieve efficiencies in shipping. The collaboration is expected to nurture over 200 AI developers over the next 12 months.

Geneva-based shipping giant MSC is about to acquire the industry's first 23,000 TEU container ships, under an order set in September 2017. South Korean shipbuilder Samsung Heavy Industries had confirmed the order of eleven mega container ships at that time, originally reported as 22,000 TEU class.

Hong-Kong based OOCL's sixth and last container ship in the 21,413 TEU series was christened at the Samsung Heavy Industries shipyard on Geoje, on 17 January. The ship, named 'OOCL Indonesia', will begin her maiden voyage this month and join her other five sister vessels on OOCL’s Asia-North Europe Loop 1 trade lane.