Corporate
Significant Events  
2007

Year 2007


December

OOCL announced that a new service “China Pakistan Express” (“CPX”) providing direct links between China, Pakistan and India will be launched on 17th January 2008.

November
OODL’s Changle Lu Project in Shanghai commenced basement excavation for residential towers.
OOCL subsidiaries exercised options granted by China Shipbuilding Trading Co, Ltd and Hudong-Zhonghua Shipbuilding (Group) Co Ltd and contracted for the construction of two additional new 8,600 TEU vessels.

October

OOCL celebrated the christening of OOCL Houston at Geoje Shipyard in Korea, its third in the line of sixteen 4,578 TEU vessels, ordered with Samsung Heavy Industries.
OODL won the auction bidding for the Tianjin International Trade Centre in Tianjin city. The site will be developed into a mixed used commercial project with a total GFA of 190,350 sqm.
OOCL subsidiaries signed shipbuilding contracts with China Shipbuilding Trading Co, Ltd and Hudong-Zhonghua Shipbuilding (Group) Co Ltd (collectively the “Sellers”) for the construction of four new 8,600 TEU vessels.

September

OOCL and the Grand Alliance announced the deployment of extra loaders on the Asia/Europe routes through October and November to cater for increased volumes.

August

OOIL Group announced a profit attributable to shareholders of US$2,216.3 million for the first six months of 2007 compared with US$280.5 million earned during the first half of 2006.
OOCL, together with the three other member lines of the Grand Alliance, announced the extension of their co-operation, on matters such as sailing frequency and environmental protection, for a further term of ten years.

July

The naming ceremony of the first of the sixteen 4,578 TEU vessel built by Samsung Heavy Industries for OOCL, the OOCL Kobe, was held at the Port of Kobe in Japan.

OOCL celebrated the christening of OOCL Yokohama at Geoje Shipyard in Korea, the second in the series of sixteen 4,578 TEU vessels, ordered with Samsung Heavy Industries.

OOCL announced the establishment of a new office in Karachi, Pakistan.

June

OOCL celebrated on 29th June, the christening of OOCL Italy at Koyo Dockyard, its eighth 5,888 TEU vessel. It is the last of the eight S-class series built by Imabari Shipbuilding Co, Ltd, Japan.

The sale of the fourth terminal, New York Container Terminal on Staten Island, New York in the Port of New York, to Ontario Teachers’ Pension Plan Board was completed.

OOIL announced the retirement of Mr Nicholas Sims as an Executive Director and Chief Financial Officer and the appointment of Mr Kenneth Cambie as an Executive Director with effect from 1st August and as Chief Financial Officer as of 11th August 2007.

May

OOCL celebrated the christening of the seventh of its eight 5,888 TEU vessels, OOCL Oakland at Koyo Dockyard on 24th May, built by the Imabari Shipbuilding Group in Japan.

OOCL celebrated on 28th May, the christening of the last of it the first series of twelve “SX” class 8,063 TEU vessels, OOCL Southampton at Geoje Shipyard, ordered from and built by Samsung Heavy Industries in Korea.

April

OOCL announced the launch of a new China-India Express Service (“CIX”), jointly operated with APL, with first sailing from Xingang on 13th May, an enhancement of existing NSS feeder service.

For the second consecutive year, OOCL was the proud winner of the 2006 Canadian International Freight Forwarders Association’s Central region’s Forwarder’s Choice Awards for Outstanding Ocean Service and Commitment between Toronto and the Far East.

March

OOIL announced a net profit of US$581.1 million for the year ended 31st December 2006 as compared with a net profit of US$651.3 million recorded in 2005.

OOCL celebrated the christening of OOCL Kuala Lumpur at Koyo Dockyard in Japan, the sixth of its eight 5,888 TEU vessels, built by the Imabari Shipbuilding Group. 

OOCL customers began being able to track their cargo online directly, at www.oocl.com using the “Express Link”, tool provided by CargoSmart to OOCL as one of its customers. 

February

OOCL celebrated the christening and delivery of the 5,888 TEU, S-class mv OOCL Seattle at Koyo Dockyard on 14th February 2007 in Japan.

OODL’s Changle Lu Project in Shanghai commenced piling for residential towers.

OODL’s Hotel Project, Double Tree by Hilton in Kunshan was topped out.

January

OOIL announced that it had completed the sale of three of the four terminals within the Terminals Division to Ontario Teachers’ Pension Plan Board. Those terminals were the Deltaport and Vanterm terminals in the Port of Vancouver and the Global Terminal in Bayonne, New Jersey in the Port of New York and New Jersey.

OOCL celebrated the christening of its 11th SX-class 8,086 TEU vessel, OOCL Tokyo at Geoje Shipyard, built by the Samsung Heavy Industries Co Ltd in Korea.

OOCL achieved a compliance rate of 100% for the Voluntary Vessel Speed Reduction program with the Port of Long Beach’s Green Flag Incentive Program for the year of 2006.