31/F, Harbour Centre 25 Harbour Road
Wanchai Hong Kong
Hong Kong-based Orient Overseas Container Line is among the global leaders in the container shipping, logistics and marine terminals industries. The company is a wholly owned subsidiary of Orient Overseas International Limited Group (OOIL Group), a publicly traded company on the Hong Kong stock exchange. OOCL prides itself on being one of the most recognized brands in Hong Kong, and is widely regarded as a pioneer of international shipping services in China.
Leading Container Shipping Firm
Orient Overseas was established in 1947 and currently operates a fleet of over 120 vessels, including one of the largest container vessels in the world. The company is licensed to transport everything from cars and other automobiles to general cargo, refrigerated cargo, and dangerous goods. OOCL maintains more than 270 offices in over 60 countries, and offers services between China and locations around the world.
Fast Transit Times
Orient Overseas is known for offering some of the fastest shipping transit times along the East-West trade route. The company’s services connect Asia with Europe, the Mediterranean, the Middle East and North America. In addition, the shipping firm also provides a range of container services between Asia, Australia and New Zealand. Orient Overseas currently maintains an inventory of over 700,000 TEU containers, ranging from standard general-purpose and high cube containers to special purpose refrigerated containers supporting controlled atmosphere and fresh air management systems.
Freight Management and Logistics
The company’s freight management and logistics services unit is handled by Orient Overseas Container Liner Logistics, a separate business unit that was established in 1979. The unit offers a range of services, including basic freight consolidation and forwarding, warehousing and distribution and multimodal transportation services. The unit is considered a pioneer in the use of information technology and advanced quality processes to deliver customized logistics and supply chain management services to customers.
Long Beach Terminal
Orient Overseas has a fairly substantial presence in the United States. The company operates a major container terminal in Long Beach, California. The 100-acre facility features three container ship berths, more than half-a-dozen quayside gantry cranes, 75-yard tractors, 15 utility forklifts and numerous trucks and other vehicles for transporting cargo and handling equipment. The facility is operated under a long-term contract between Orient Overseas and the Long Beach Port Authority.
Improved Revenues and Growth
According to a Orient Overseas Container Line review in Seatrade Global magazine, the company recorded improved revenues and growth in 2012. The firm reported revenues of $5.9 billion in 2012, an increase of nearly 7 percent over the previous year. In 2012, Orient Overseas lifted a total of 5.2 million containers. That figure represented an increase of nearly 4 percent over the 5.03 million containers it shipped in 2011, according to the OOCL review by Seatrade.