COSCO to add OOIL
NewsChinese carrier to lead purchase of OOIL for US$6.3 billion, creating the world’s third largest carrier group in the process.
Orient Overseas International (OOIL) of Hong Kong, parent of Orient Overseas Container Line (OOCL), has decided to expand its port portfolio to diversify its core revenue streams beyond the volatile shipping sector.
“We are looking at expanding our facilities in Vancouver and New York and there are other projects we are looking at in Asia and in Europe, but it would be inappropriate to name them at this preliminary stage,” chief financial officer Nick Sims said.
By subscribing you will have: