​Milestones - 2021

December

OOCL was honored to receive the “Hong Kong Sustainability Award 2020/21” from Hong Kong Management Association on December 14. The Hong Kong Sustainability Award aimed to promote the importance of sustainability and to provide a platform for organizations to benchmark best practices of sustainability.

Effective from December 6, Mr. Min Wan succeeded Mr. Lirong Xu in becoming OOIL’s new Chairman.

November

In response to the evolving needs of the market, OOCL launched the Pacific China South Express (PCSX) service in the Trans-Pacific network to offer express linkage from South China to Long Beach and to satisfy customers’ needs for fast shipping.

OOCL announced a new Intra-Asia service China Straits Service 3 (CSS3) which will strengthen the company’s China to South-East Asia service network by directly connecting multiple ports in China with Singapore and Malaysia.

October

OOCL was named the “Best Shipping Line – Intra-Asia” at the 2021 Asian Freight, Logistics and Supply Chain (AFLAS) Awards for its outperformance in the region. The AFLAS awards were hosted annually by Asia Cargo News, a leading publication for the freight, logistics and supply chains industries in the Asia Pacific region, aiming to recognize service providers which have demonstrated outstanding performance in various aspects.

OOCL launched a new service Pacific China North 2 (PCN2) in its Trans-Pacific service network to provide direct linkage between Prince Rupert and North China.

September

OOIL further issued 23.18 million new shares which represents approximately 3.64% of the existing share capital of the company. The transaction was an excellent opportunity to finance the Group’s expansion and and attract a greater diversity of shareholders to investing in OOIL, based on the Group’s long-standing market reputation, competitive position and strong, consistent performance over the years.

On September 2, OOCL signed newbuilding contracts with shipyards Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) and Dalian COSCO KHI Ship Engineering Co. Ltd. (DACKS) for a total of ten new container vessels with a capacity of 16,000 TEU each, at a cost of US$157.58 million per vessel.

August

On August 20, Orient Overseas (International) Limited (“OOIL") announced a profit attributable to equity holders of US$2,810.9 million for the six-month period ended June 30, 2021, compared to a profit of US$102.1 million for the same period in 2020.  

With the growing concern over the piracy issue in the Gulf of Guinea, OOCL Signed the Gulf of Guinea Declaration on Suppression of Piracy which urges for actions to suppress the piracy activities and to protect seafarers in the region.

OOCL and OOCL Logistics announced the launch of a brand-new rail-sea container service from Xian, China to the US East Coast. This product combined the “Chang An” China-Europe block train service from Xian to Kaliningrad, Russia, with onward feeder to Bremerhaven, and then with OOCL ocean services from Bremerhaven to various ports along the US East Coast. It was the first of its kind to be operated by an ocean carrier, connecting China and North America by using the Asia-Europe Land Bridge and the Atlantic Ocean.

July

OOCL enhanced its online booking platform FreightSmart by launching a loyalty program PlumSmart to reward FreightSmart customers with premium discounts and benefits.

June

OOCL introduced Inland Container Depot (ICD) in Baghdad, Iraq and Door Delivery service in Amman, Jordan, bringing faster and smoother shipment options and end-to-end solutions to customers in the region.

March

On March 26, OOIL announced a profit from operations of US$903.0 million for 2020, compared to a profit of US$195.2 million in 2019.  Profit attributable to equity holders for 2020 was US$902.7 million.

February

OOCL was pleased to sign the Neptune Declaration on Seafarer Wellbeing and Crew Change – an industry-wide initiative which calls for global action to remove crew change barriers and support the health and well-being of seafarers around the world during the COVID-19 global health crisis.

OOCL was presented with the “Liner Trade Award – Australia to South East Asia” and received the Highly Commended title in the “Customer Service Award” category at the DCN Australian Shipping & Maritime Industry Awards 2020 to recognize the company’s dedicated work in the region.

January

OOIL issued 11.4 million new shares which represents approximately 1.82% of the existing share capital of the company. The transaction was a clear statement of the faith of COSCO SHIPPING Holdings and OOIL in the enduring strong value of the Dual Brand strategy.

OOCL presented the latest line up of its Ocean Alliance Day 5 products with higher capacity, faster transit times and extended coverage. Since the formation of the Ocean Alliance in 2017, the enhancements that OOCL made to the products each year have shown its commitment and dedication to offering best-in-class products to customers.

OOCL received the “Social Capital Builder Logo Award 2020” for its contribution to building social capital in Hong Kong. This Award program was organized by the Community Investment and Inclusion Fund (CIIF) under Labour and Welfare Bureau of the HKSAR Government. It was the third time that OOCL received this bi-yearly award.

OOCL announced the official roll-out of FreightSmart, an advanced online platform providing customers instant quotation and booking confirmation with space and equipment protection at secured freight rates. FreightSmart not only brought customers an ultimate brand-new booking experience, but it also makred a new chapter in the company’s digital transformation journey.