OOCL
| OOCL - Orient Overseas Container Line |
 |
 |
 |
| Written by admin |
| Saturday, 07 October 2006 09:30 |
|
Orient Overseas Container Line (OOCL) is a Chinese Hong Kong-owned container shipping company which is a subsidary of of Orient Overseas (International) Limited (OOIL)
OOCL was founded by C. Y. Tung In 1947 as the Orient Overseas Line who dreamed of creating the first international Chinese merchant fleet. In 1947, he achieved that dream when the first ship with an all-Chinese crew reached the Atlantic coast of the USA and Europe.
OOCL is one of the world's largest container shipping companies, with more 280 offices in nearly 60 countries around the world. OOCL provides many services across the various international trading markets linking Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand. OOCL is also one of the leading shipping carriers serving China. At its height OOCL has total fleet of more than 270 ships, including alliance and owned vessels.
It didn’t become OOCL until 1969, when container shipping really took off, where OOCL was the first Asian shipping company to move container cargo across the Pacific. OOCL owned a shipping fleet of it own numbering over 150 ships, with a cargo capacity in excess of 10m tons putting it in the top seven list of world shipping companies. It also owned the Seawise Giant, an oil tanker which was the largest ship ever built. After C. Y. Tung's death in 1982, the helm of company was taken by C. H. Tung, his son who led the company for 14 years until 1996. Unfortunately the company came close to collapse amid a global slump in the mid 1980s and it is widely believed he was bailed out by the Chinese Government. A decade later in 1996, C C Tung took over at the helm upon his brother C H Tung's election as Chief Executive of the Hong Kong Special Administrative Region...
1996 was the year that the current chairman C C Tung took over at the helm when C H Tung was elected as Chief Executive of the Hong Kong Special Administrative Region when Britain handed back Hong Kong to the China. For a period all major OOCL ships had names that began with the word "Seawise", which was a pun on C. Y. Tung's initials and at one stage it also owned the Seawise Giant, the largest ship ever built which was 458.45 m long. In April 2003, OOCL took delivery of the SX-Class OOCL Shenzhen, the largest containership ever built at 8,063 TEU.
Today, OOCL is a mulit-billion dollar corporation, reporting a profit of over US $2.5 billion in 2007 and is one of the world's largest shipping and logistics companies, operating around the world, providing services covering all the major markets with their alliance and owned fleet ships. Other OOCL info In the autumn1970, Tung purchased the RMS Queen Elizabeth the once legendary ocean liner with the aim of converting it into a floating university called Seawise University. On January 9, 1972, the ship caught fire during refurbishment and sank.
|
| Last Updated on Friday, 22 August 2008 11:38 |