OOCL places order for two 8,888 TEU vessels from Hudong

On 14 December 2010, OOCL entered into a Shipbuilding Contract with Hudong for the construction of two 8,888 TEU vessels.

This is not a discloseable transaction under the Hong Kong Stock Exchange Rules. We remain committed to meeting the needs of our customers and we would like to share this news with our valued customers about these newbuilds added to our fleet. We continue to commit substantial investment in assets to support the growth of our customers and the expansion of world trade.

Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Hong Kong Stock Exchange listed Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 55 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country. It is also an industry leader in the use of information technology and e-commerce to manage the entire cargo process. Website: http://www.oocl.com/