OOCL ready to buy companies but sets a limit to the deals

Chinese and Hong Kong based OOCL believes the container market will not improve until 2024 and expects that unpredictability will only continue to rule, the carrier tells ShippingWatch.

by TOMAS KRISTIANSEN

Hong Kong-headquartered container carrier OOCL is ready to acquire industry assets, either liner industry core activities or businesses related to the sector.

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Foto: Peter Hove Olesen/Politiken/Ritzau Scanpix

Tanker

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"As an SME – as we still like to call us today – and with the customers we are serving globally we really need to latch on and grow substantially to stay relevant to our customers," says Constantin Conrad, CEO, Leschaco Group. | Foto: Leschaco

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German logistics company wants to grow 250 percent by 2030

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Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

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"The biggest challenge for the green transition in shipping is the supply of green fuel, and more initiatives like these are needed," Morten Bo Christiansen tells ShippingWatch. | Foto: Maersk Pr

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Maersk praises Cosco's plans to move into green methanol

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Foto: Shannon Stapleton/Reuters/Ritzau Scanpix

Tanker

Russia still relies on Europe to ship its oil despite price cap breach

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Norden's contract in Gabon runs for ten years and requires the shipping company to invest around DKK 280m. | Foto: Magnus Møller

Bulk

Norden's venture in Gabon runs smoothly one month after military coup

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German logistics company wants to grow 250 percent by 2030

The third generation of the family behind Leschaco wants to grow the company, and fast. Leschaco needs to grow significantly, says the CEO.

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Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

The CEO of Global Centre for Maritime Decarbonisation believes the shipping industry must be ready to take a little more risk to achieve its climate goals.

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Tanker

Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

For subscribers

Container

Maersk praises Cosco's plans to move into green methanol

”More initiatives like these are needed,” says Morten Bo Christiansen from Maersk, which has 25 methanol-powered ships in the pipeline.

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The legal dispute centers on the cancellation of orders by Northern Drilling's two subsidiaries for two deepwater rigs at the Hanwha Ocean shipyard.

Offshore

Fredriksen company loses legal dispute with shipyard

Major South Korean shipbuilder Hanwha wins an arbitration case against John Fredriksen-controlled Northern Drilling regarding a cancelled order for two deepwater rigs.

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Container

OOCL wants to reach net zero already by 2050

Due to its Chinese owners, it has been said that the company’s climate target to reduce CO2 emissions was aligned with China’s official goal to reach a net zero in 2060. That is not the case.

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Jobs

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OOCL ready to buy companies but sets a limit to the deals

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Opinion: Major shipping companies gave discounts during the pandemic

OOCL owner sees challenges ahead for box freight

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Front page now

Maersk sells part of its business with the US government

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk praises Cosco's plans to move into green methanol

Russia still relies on Europe to ship its oil despite price cap breach

Norden's venture in Gabon runs smoothly one month after military coup

IEA: Ammonia is crucial for shipping's green transition

Fredriksen company loses legal dispute with shipyard

Norwegian carrier gets state funding for new ammonia vessels

German ports fear public savings

IEA: Green fuels keep climate goals alive

Navigare Capital cashes in from sale of several ships

Further reading

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk sells part of its business with the US government

Maersk praises Cosco's plans to move into green methanol

Fredriksen company loses legal dispute with shipyard

OOCL wants to reach net zero already by 2050

Jobs