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Orient Overseas
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 / company

Orient Overseas

Orient Overseas
Orient Overseas
Founded by the family of former Hong Kong chief executive Tung Chee-hwa, Orient Overseas International (OOIL) is the parent company of Orient Overseas Container Line (OOCL), one of the world's largest container-shipping companies, operating six of the 10 largest container ships in the world. OOIL, which was taken over by mainland Chinese state-owned Cosco Group in 2018, also operates a container terminal in Kaohsiung, Taiwan.
Chairman / President
Tao Weidong
CEO / Managing Director
Kenny Ye
CFO / Finance Director
Zheng Qi
Industry
Shipping, Logistics
Website
oocl.com
Headquarters address
31/F, Harbour Centre, 25 Harbour Road, Wan Chai, Hong Kong
Stock Code
SEHK:0316
Year founded
1969
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Hong Kong-based shipping giant Orient Overseas International on Monday report an interim net profit of US$138.9 million for the first half of 2019, swinging from a loss of US$10.3 million this time last year. Overall revenue for the company rose 6 per cent to US$3.3 billion in the first half of this year.

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Shipping giant OOIL delivers interim US$56m loss, against US$239m profit last time

The christening ceremony of vessel OOCL Hong Kong at Hong Kong International Terminals, the largest container vessel to go on Hong Kong's ship register. OOIL has recorded a loss of US$56.66 million in six months ended June 2016, compared to a profit of US$238.63 million in the same period last year. Photo: SCMP
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OOIL turns around to a US$181m profit

Orient Overseas (International) Ltd (OOIL) returned to the black in the first half of the year on the back of a pickup in the container shipping industry and stringent cost controls.

OOCL has urged industry players to look for better ways to improve their cost structures and service quality. Photo: Bloomberg

OOIL turns around to a US$181m profit

Earnings at Hong Kong-listed Orient Overseas (International) Ltd (OOIL) turned around sharply in the first half of the year.

Container transport and logistics giant OOIL declared a profit attributable to shareholders of US$181.3 million in the first six months. Photo: SCMP

OOIL's net profit tumbles 84pc on shipping overcapacity

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Orient Overseas slumps to first-half loss

Slowing demand, oversupply of ships and low freight rates drove Orient Overseas (International) Ltd to an attributable loss of US$15.26 million during the first half of the year.

OOIL believes ship supply will still outstrip demand next year.

Finance chief at OOIL jumps ship

OOIL heads for US$6.4b in turnover

Orient Overseas (International) Limited's Director and Chief Financial Officer Ken Cambie speaks to the media at the company's interim results announcement. Photo: Jonathan Wong
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