OOIL – Cosco Announcement
As part of Uniserve’s ongoing committment to keeping our clients fully informed of market changes, we would like to share some important industry news about Orient Overseas (International) Limited (OOIL).
The company has announced that COSCO SHIPPING Holdings Co., Ltd. (COSCO SHIPPING Holdings) and Shanghai International Port (Group) CO., Ltd. (SIPG) have offered to acquire OOIL, pending relevant regulatory and COSCO SHIPPING Holdings shareholder approvals. Full details of this announcement are available on the OOIL website, www.ooilgroup.com.
Uniserve Seafreight Director Steve Ireland commented: “This was always going to happen and it has been muted for the past couple of years that COSCO would buy OOCL. It was just a matter of when. From a freight buyers’ perspective it will mean there are even less options going forward.‘’
OOIL say it is their intention to remain publically listed on the Hong Kong Stock Exchange and to continue to operate as an independent brand, with their global headquarter function retained in Hong Kong.
Uniserve, being a market leader on Asia-Europe, has partnerships with all carriers and consortiums operating on these routes; offering full coverage for full loads and groupage services to the UK and mainland Europe. For further information on Uniserve’s international services and supply chain solutions, email info@ugroup.co.uk or call 01708 259400.
More News…..
Uniserve and Meaco enter long-term partnership
Uniserve, the UK’s largest privately owned logistics and global trade management provider, has been awarded a long-term logistics contract with Meaco, a British company, founded in 1991, specialising in air treatment and humidity control products and solutions. Meaco...
Red Sea Disruption Update
Red Sea crisis update: New attacks in the Gulf of Aden and Indian Ocean end 2-week streak of no reported attacks on merchant shipping by Houthis. On Wednesday 24th April, US forces shot down an anti-ship ballistic missile targeting the “MSC Darwin VI”. MSC’s schedule...
Uniserve commits to a second year of the Sustainable Aviation Fuel (SAF) Programme
We are pleased to announce the extension of our support of the Air France KLM Martinair Cargo (AFKLMP Cargo) Sustainable Aviation Fuel (SAF) programme.Following a successful first year of supporting the SAF programme, which contributes to the development and creation...