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OOCL was founded by C. Y. Tung in 1947 as the Orient Overseas Line. In 1969, OOCL was the first Asian -based shipping line to transport containerized cargo across the Pacific. Consequently, the company was renamed Orient Overseas Container Line. In those days its Victory-class vessels could carry 300 TEU, a far cry from today's post-Panamax ...
In July 2017, OOIL received a US$6.3 billion take over bid from its Chinese rival, COSCO Shipping. The bid has been accepted by the Tung family, subject to shareholder and regulatory approval. [27] [28] The takeover was completed in 2018. [4] In April 2019, OOIL sold a container terminal in Long Beach to Macquarie Group for US$1.78 billion. [29]
The M class is a series of 10 container ships built for OOCL with a maximum theoretical capacity of 13,208 TEU. The ships were built by Samsung Heavy Industries in South Korea . Construction started in 2012 and the first ship was delivered in 2013.
Malaysia’s government announced Wednesday it was imposing a ban on all Israeli owned and flagged ships, as well as any vessels headed to Israel, from docking at its ports.
A few ships (APL since 2007, [44] Carrier53 since 2022 [45]) can carry 53 foot containers. 40 foot containers are the primary container size, making up about 90% of all container shipping and since container shipping moves 90% of the world's freight, over 80% of the world's freight moves via 40 foot containers.
2.11 Malaysia. 2.12 Pakistan. 2.13 Philippines. 2.14 Saudi Arabia. 2.15 Taiwan. 2.16 Turkey. ... Orient Overseas Container Line "OOCL" Pacific Basin Shipping Limited ...