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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]
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 ...
This is a list of the 30 largest container shipping companies as of February 2024, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [ 2 ]
COSCO SHIPPING Lines Co., Ltd. (Chinese: 中远海运集运) is a Chinese international container transportation and shipping company. It is a subsidiary of COSCO Shipping Holdings , and its parent company is China's state-owned COSCO Shipping .
Tung was born in Xuhui District, Shanghai on 7 July 1937, [8] 29th day of the fifth lunar month in 1937 in the Chinese calendar into an influential shipping magnate family of Tung Chao Yung. Tung Chao Yung was the founder of the Orient Overseas Container Line , a shipping company which was closely associated with the government of the Republic ...
Ever Uranus at Port of Los Angeles. Evergreen calls on 240 ports worldwide in about 80 countries, and is the sixth largest company in the shipping industry. Its principal trading routes are East Asia to North America, Central America and the Caribbean; East Asia to the Mediterranean and northern Europe; Europe to the east coast of North America; East Asia to Australia; East Asia to eastern and ...
China COSCO Shipping Corporation Limited (branded as COSCO Shipping) is a Chinese state-owned multinational marine transportation service conglomerate, headquartered in Shanghai. [2] It was established in January 2016 by the merger between China Ocean Shipping Company and China Shipping Group Company .
Neptune Orient Lines Limited (NOL) was a Singaporean container shipping company. It was founded in 1968 as Singapore's national shipping line, but was later sold as a subsidiary to French shipping company CMA CGM in 2016. [3] [4] On 1 October 2020, NOL was restructured into a regional hub and was renamed to CMA CGM Asia Pacific Limited. [5] [6]