Dear Valued Customers,
We are pleased to share with
you that through COSCO Shipping Holdings, CHINA COSCO SHIPPING Group is now the
majority shareholder of OOIL group as of July 24th. This is an exciting
milestone for OOCL and our customers, and a significant event for our industry.
The new management of OOIL and
OOCL was announced on August 3 2018. Captain Xu Lirong will serve as the
Chairman of OOIL. Current OOCL CEO, Andy Tung will remain as Co-CEO with Mr Wang
Haimin also appointed Co-CEO.
We want to reassure our
customers that this does not change how we work together and our commitment to
our partnership with you. OOCL remains committed to delivering superior service
with a clear dual-brand strategy between OOCL and COSCO. We believe this
transaction is an essential step to ensure the long-term competitiveness of
OOCL in a rapidly changing industry and will ensure our customers benefit from
access to an even wider network and superior services. We will achieve this
while maintaining the separate listing on the Hong Kong stock exchange,
maintaining OOCL branding, and maintaining management & staff of the OOIL
Group.
As we committed at the time of
the announcement, business continuity remains a top priority. Should you have
any questions, please don’t hesitate to get in touch with your local OOCL
representative.
Thank
you for your business, today and in the future.
Yours faithfully,
OOCL (Australia) Pty Ltd.
