Corporate
Significant Events  
2006

 Year 2006

December

OOCL announced its participation in the IDX joint shipping service for trades between India and the Indian Subcontinent and the US East Coast.
OOCL announced the establishment of two branch offices in Vietnam, based in the capital city of Ha Noi and in the Northern city of Hai Phong.
OOCL announced the establishment of a new office in Colombo, Sri Lanka.
The Group was awarded the winning bid for a piece of land of 57,118 sq m in Pudong New District, Shanghai through listed auction. The land will be developed into a residential project with a total GFA estimated at 102,813 sq m.


November

OOIL announced the sale of its Terminals Division to Ontario Teachers’ Pension Plan Board for US$2,350 million in cash for 100% of the share capital of the Terminals Division.
The naming ceremony for OOCL’s second of the two 4,583 TEUs container vessels ordered, OOCL Australia, was held in Hudong-Zhonghua shipyard, Shanghai.

October

OOCL announced a new Asia-India-Middle East Service, provides direct linkage and additional frequency between China, South East Asia, the Indian Subcontinent and the Middle East.
OOCL placed orders with Samsung Heavy Industries Co Ltd for the construction of four container vessels, each with carrying capacity of approximately 8,063 TEUs.

September
OOCL announced the launch of a service connecting the East Mediterranean with South East Asia and USA/Canada East Coast on its AEX service.

OOCL took delivery of OOCL Zhoushan, the first of the two 4,583 TEUs container vessels ordered from Hudong-Zhonghua Shipbuilding (Group) Co Ltd. 

OOCL offers upgraded services in Japan, the KTX4, with faster ships offering direct links and competitive transit times between Kansai/Pusan, Taiwan, South China and Hong Kong.

August

OOIL announced Interim Results of a profit after taxation and minority interests of US$280.5 million as compared with US$308.9 million for the same period last year.
OOCL announced the opening of a new OOCL (UK) Limited office in Belfast, Northern Ireland.

July

OOCL placed orders with Samsung Heavy Industries Co, Ltd for the construction of four container vessels, each with carrying capacity of approximately 4,500 TEUs.

OOIL announced that, following a strategic review of its terminal assets, it has engaged UBS Investment Bank to advise it in relation to the potential disposal of its Terminals Division. 

OOCL took delivery of the tenth of the 12 “SX” Class (8,063 TEUs) container vessels, OOCL Europe, from Samsung Heavy Industries, Korea. 
OOCL and the Grand Alliance announced an Asia-United State East Coast service via the Panama Canal in co-operation with the New World Alliance.

June

OOCL was voted the winner of the 2006 IFW Container Line of the Year Award.

The naming ceremony for OOCL’s fourth of the eight “S” Class container vessels, OOCL Dubai, was held in Koyo Dockyard, Japan.

May

OOCL celebrated the christening of OOCL Antwerp, the third of the eight “S” Class container vessels ordered.

OOCL announced the introduction of a new fixed-weekly Middle East-Asia Express service to replace the individual Middle East services.

April

OOCL announced a new weekly service, linking the Middle East to India, Pakistan and Singapore/Malaysia, called the Gulf-India-Straits Service.

OOCL was notified that the Company had become a Computerworld Honors Program® 2006 Laureate.

March

OOCL announced the establishment of OOCL (New Zealand) Ltd, based in Auckland, to service customers throughout New Zealand.

OOIL announced a profit after taxation and minority interests of US$650.9 million for the year ended 31st December 2005 as compared with US$670.4 million for the same period last year. 

The naming ceremony for OOCL’s ninth of the 12 “SX” Class (8,063 TEUs) container vessels, OOCL Asia, was held in the Geoje Shipyard of Samsung Heavy Industries, Korea. 

OOCL took delivery of OOCL Kaohsiung, a 5,888 TEUs “S” Class container vessel ordered by the Company under a long-term charter agreement.

OOCL was officially awarded special recognition in the Green Flag Incentive Program for its voluntary efforts to reduce fuel emissions from the Port of Long Beach. 

OOCL announced the launch of a twice-weekly Taiwan/Hong Kong to Vietnam Express Service in co-operation with Evergreen and Yang Ming.


February

The naming ceremony for OOCL’s first of the eight “S” Class (5,888 TEUs) container vessels ordered, OOCL Vancouver, was held in Koyo Dockyard, Japan.

OOCL announced its latest innovation of downloadable e-forms and vessel certificates in PDF format at OOCL’s e-Commerce Centre, providing customers with efficient and convenient downloading and printing of e-forms online.


January

OOCL and the Grand Alliance announced the restructuring of their service network with a new customer-oriented schedule; offering services improvements and deploying 152 vessels in 2006, including the co-operation of the New World Alliance.