With completion of the acquisition of OOIL, the shipping capacity of the container shipping business segment under COSCO SHIPPING has exceeded 2.7 million TEUs. Together with the capacity of orders, the shipping capacity of the segment will exceed 3 million TEUs and the capacity ranking will rise to the third place in the world. COSCO SHIPPING Holdings will soon open a new chapter of “dual brands” development.
COSCO SHIPPING Lines Co., Ltd (COSCO SHIPPING Lines) is an enterprise specially engaged in international and domestic container shipping and related services. As at 30 June 2018, COSCO SHIPPING Lines operates a total of 361 routes, including 230 international, 49 China coastal routes and 82 Zhujiang Delta and Yangtze River lines. The ships we operate anchor in 294 ports in approximately 90 countries and regions around the world.
Orient Overseas (International) Limited (“OOIL”), a company with total revenues in excess of US$6.1 billion, has principal business activities in container transport and logistics services. Listed on The Stock Exchange of Hong Kong, the OOIL Group has more than 360 offices in 70 countries. Orient Overseas Container Line and OOCL are trade names for transportation provided separately by Orient Overseas Container Line Limited ("OOCLL") and OOCL (Europe) Limited respectively and both are wholly-owned subsidiaries of OOIL. OOCL is one of the world's largest integrated international transportation, logistics and terminal companies, and is an industry leader in the use of information technology and e-commerce to manage the entire cargo transport process. OOCL's modern fleet today includes some of the youngest, largest, fuel efficient, and environmentally friendly vessels carrying cargo on hundreds of trade routes around the world, providing a vital link in Global Trade.