Home Page About us Forum MIL
Tracuu
 



Username
Password
 
Member Register


 
 
 
Login

     

OOCL to Order Big New Ships

3/10/2011 9:52:03 AM

OOCL is planning to place an order "soon" for a number of big new container ships that will probably be in the ranges of ships capable of carrying 13,000 20-foot equivalent units.

 

OOCL has fallen to the middle of the pack of top container lines and wants to build its capacity up again, said CC Tung, chairman and CEO of OOIL, parent of the Hong-Kong-based container carrier.

 

The carrier delayed placing new orders before now because it was waiting to see if it could merge with or acquire another carrier during the Great Recession, Tung said.

 

To his surprise no possibilities of finding a merger emerged during the recession, and he does not expect any to emerge at this point.

 

With bunker fuel prices rising over $600 a metric ton, OOCL plans to place an order for big ships "soon" in order to reduce its slot costs..

 

"Bunker costs accounted for 25 percent of OOCL's operating costs in 2010," he said.

 

"The period for consolidation is over," he said.

 

The Journal of Commerce Online

RELATED NEWS
OOCL, Hapag-Lloyd, MISC, NYK cancel Asia-Black Sea express service (12/13/2013 10:59:07 AM)
Eleven BAF and CAF surcharges to rain down from OOCL from October 1 (9/6/2013 9:47:08 AM)
OOCL's sixth 13,208-TEU newbuild named NYK Hermes ahead of charter (7/22/2013 9:33:58 AM)
OOCL hikes rate US$525/TEU on westbound Far East-Europe trade August 1 (7/11/2013 9:51:15 AM)
OOCL increases Asia-Europe rates US$975/TEU July 1, including Japan (6/3/2013 8:54:00 AM)
OOCL to Raise Trans-Pacific Rates on July 1 (6/1/2013 8:43:54 AM)
OOCL increases westbound Asia-Europe rate (3/28/2013 9:53:06 AM)
OOCL Unveils 8,888-TEU Vessel in Shanghai (3/27/2013 9:46:57 AM)
OOCL to raise Europe to Asia rates and southeast Asia-Australia rates (3/4/2013 10:37:33 AM)
G6 Alliance expands cooperation to transpacific trade (2/7/2013 10:10:36 AM)
OTHER NEWS
COMMENTS

Your comment

Content:
Email / Name / Tel:
 
The most comprehensive and easy-to-use global marine weather application
With the Courtesy of Bao Hoang Yachts Co.
Click "HERE" to get your own 30day free trail
or contact Ms Phuong Bui at Vietnam Shipper:
phuongbq@vil.com.vn / 08.39330 148

On its way to develop alternative energy-sources for greener aviation, Airbus is also supporting basic research activities for electric aircraft concepts “eGenius”...
more ...
 
Which column are you most interested in VietnamShipper?
Very great
Great
Normal
Not very great

© 2005 Copyright byVietnam Institute of Logistics/ Vietnam Shipper. All right reserved. --- Contact for Advertisement

25th Floor, Pearl Plaza - 561A Dien Bien Phu Str., Binh Thanh Dist. HCMC - Vietnam - Tel: (+84.8) 3513 6399 - Fax: (+84.8) 3513 6359 - Email: admin@vietnamshipper.com