ooclentry.oocl.comOOCL - Your Vital Link to World Trade

Notice We apologize. OOCL is conducting system maintenance on the content server. Please visit our web site later. My OOCL Center and other e-Services remain available. e-Services All mandatory fields are denoted by * . Sailing Schedule Vessel Tracking Rail Tracing Container Number: * (Maximum of 6 containers separated by spaces.) My OOCL Center SIGN IN Javascript is required to login to MY OOCL CENTER. Please use . Looking ahead, the shipping market remains uncertain. The global economy seems to be recovering, but the pace may be slow and with uncertainties; interest rates on the other hand seem to have peaked, but remain hovering at high levels; the 2M alliance will be terminated, Gemini Corporation emerged, and Ocean Alliance announced further extension; geopolitical tensions and new environmental regulations, including the EU carbon tax, etc., have posed challenges to the entire supply chain. There is no doubt that all these will have a long-lasting impact on the future development of the shipping market. ​Since the beginning of 2024, the situation in the Red Sea is still one of the key factors affecting the container shipping market. With the tension in the Red Sea not being relieved, shipping companies will continue to navigate through the Cape of Good Hope in the coming months. In combination with the traditional peak season prior to Chinese New Year, freight rates have risen even more. However, the current supply chain tension is caused by the re-routing of vessels, which is quite different compared to the spike in demand, inadequate supply, and interruption of the supply chain during pandemic period between 2020 and 2022. It is difficult to predict what the changeable trend would be. What is obvious is that the container shipping market is highly susceptible to any form of major disruption; and the complete effect will not be seen until the original balance is restored or a new equilibrium is found. Regardless of the prospects, OOIL will continue to focus on being customer-centric, proactively and quickly respond to challenges, and provide high-quality services and green operations, as a Vital Link to World Trade. As at 31st December 2023, the Group had cash and bank balances of US$6,722.2 million compared with debt obligations of US$518.9 million repayable in 2024. The Group had a net cash to equity ratio of 0.47 : 1 as at end of 2023, compared with 0.68 : 1 at the end of 2022. The Group from time to time prepares and updates cashflow forecasts for asset acquisitions, to serve project development requirements, as well as working capital needs, from time to time with the objective of maintaining a proper balance between a conservative liquidity level and an effective investment of surplus funds. OOIL owns one of the world’s largest international integrated container transport businesses which trades under the name OOCL". With over 430 offices in approximately 90 countries/regions, the Group is one of Hong Kong’s most international businesses. OOIL is listed on The Stock Exchange of Hong Kong Limited. * * * Issued by: Orient Overseas (International) Limited For further information contact Martin Kan Investor Relations (852) 2833 3143 Website: https://www.ooilgroup.com ​ | Help | Terms of Use | Privacy & Security | Online Security | Copyright © 1998- Orient Overseas Container Line Limited. All rights...