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Orient Overseas (International) Limited > Corporate > Significant Events > 2004
Significant Events

Year 2004


December

Mr C C Tung, Chairman of OOIL, named the DHL/SCMP Business Person of the Year on 2nd December in Hong Kong.

November

OOCL won CIFFA "Far East Carrier of the Year Award".
OOCL and APL jointly run a weekly shuttle service between Singapore and Nhava Sheva with two ships of 900 TEUs.

October

OOCL Tianjin, the eighth of the 12 "SX" Class vessels scheduled for keel-laying.

OOCL won several Lloyd's List DCN Australian Shipping & Transport Awards 2004 in Melbourne which included Australia to East Asia - Customer Service; Australia to South East Asia - Customer Service; Australia to North Asia - Sailing Schedule Reliability Awards.

Commenced site investigation works for Kunshan commercial plot.

Entered into land contract for 2 parcels of commercial land totaling 27,155 sq m located in Huangpu District, Shanghai.

September
OOCL Atlanta, the seventh of the "SX" Class vessels, scheduled for keel-laying.
OOCL Japan beat other vessels to win the inaugural Pusan Ministry of Maritime Affairs & Fisheries Best Qualified One Vessel.

OOCL ordered two 4,250 TEU panamax vessels, for delivery in 2006 and 2007, from China State Shipbuilding Corporation and Hudong-Zhonghua Shipbuilding (Group) Co. Ltd., the first newbuilding order OOCL made with a Chinese shipbuilding company.

August

OOIL announced Interim Results a profit after taxation and minority interests of US$268.4 million as compared with US$79.4 million for the same period last year.
OOCL ordered four 4,500 TEU panamax vessels from Samsung Heavy Industries Co., Ltd. for delivery in 2007 and 2008.

OOCL was the only Hong Kong carrier to obtain official certification to operate as a ship agent in China.

Entered into land contract for a residential plot of 112,891 sq m which is adjacent to the land acquired in January, in Hua Qiao, Kunshan.
Entered into land contract for a commercial plot of 26,578 sq m in Hua Qiao, Kunshan.

July
OOCL announced the establishment of its own offices in Denmark and Sweden.
Obtained pre-sale permit for Block 2 of Phase 2B Century Metropolis.
Topped out of Block 2 of Phase 2B Century Metropolis

June
OOCL through its logistics arm, "OOCL Logistics" contracted a 13,400 sq m warehouse in Waigaoqiao Logistics Park
OOCL's fleet gained the International Ship Security Certificate certified by ABS for its full compliance to the provisions of International Ship and Port Facility Security Code, SOLAS chapter X 1-2 and the Maritime Transportation Security Act.

OOCL was awarded a 2003 Carrier of the Year - (Export) Award by Sharp Philippines Corporation.

May

KTX-3, the new addition to OOCL's KTX Suite, started operation.

OOCL announced the opening of its own office, OOCL (Vietnam) Co., Ltd in Vietnam.

OOCL Ningbo, the sixth of the 12 "SX" Class vessels was delivered to OOCL by Samsung Heavy Industries and named at Beilun Terminal, Port of Ningbo.

OOIL was included in the Morgan Stanley Capital International Inc. Standard Index Series.
Topped out of Block 1 of Phase 2B Century Metropolis.

April

The naming ceremony of OOCL Qingdao, the fifth of the 12 "SX" Class vessels, was held at the Samsung Heavy Industrial Shipyard in Pusan.

ANL Container Line and ACE group members, China Shipping Container Lines and Orient Overseas Container Lines jointly set up an ANL / ACE North Asia Service.

CargoSmart launched three new products: CargoSmart Desktop, Booking Worksheet and Cargo Trading text Messages.

March

OOIL announced a profit after taxation and minority interests of US$329.0 million for the year ended 31st December 2003 as compared with US$51.7 million for the same period last year.

The board lot size for trading in OOIL shares had been changed from 2,000 to 1,000.

Obtained pre-sales permit for Block 1 of Phase 2B Century Metropolis.

February

OOCL Hamburg, the fourth of the 12 "SX" Class vessels was named in Geoje Shipyard of Samsung Heavy Industries, Korea.
OOIL placed 47,000,000 shares in the market at HK$25.75 per share to broaden the shareholder base and the capital base.

January
OOCL Rotterdam, the third of the 12 "SX" Class vessels, was named at the PSA Pasir Panjang Terminals in Singapore.
Entered into land contract for a residential plot of 69,409 sq m in Hua Qiao, Kunshan. Total GFA estimated at 222,000 sq m.



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(1) The information shown is for reference only (and may be based on data obtained from sources provided by the relevant information provider(s)) and is subject to change without notice. Orient Overseas (International) Limited ("OOIL") and its affiliates and the relevant information provider(s) make no representation and accept no responsibility as to the accuracy, completeness, timeliness and fitness for a particular purpose and expressly disclaims any liability whatsoever for any loss whatsoever arising from or in reliance upon the whole or any part of the information. This information is neither a recommendation, an offer nor solicitation of an offer to buy, sell or trade in any investment. It is not intended to be a statement concerning investment, legal, tax, accounting financial or other professional or expert advice and should not be relied upon as such.
(2) The information may include forward-looking statements about the operations and expected financial results of OOIL and its affiliates. Such statements are inherently subject to uncertainties arising from a variety of factors.