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Orient Overseas Container Line
Orient Overseas Container Line, commonly known as OOCL, is a container shipping and logistics service company with headquarters in Hong Kong. The company is incorporated in Hong Kong as Orient Overseas Container Line Limited and separately incorporated as Orient Overseas Container Line Inc. in Liberia. The latter was also re-domiciled to the Marshall Islands. Overview OOCL is an integrated international container transportation, logistics and terminal company with offices in 70 countries. OOCL has 59 vessels of different classes, with capacity varying from to , including two ice-class vessels for extreme weather conditions. OOCL is a member of the Grand Alliance formed in 1998. Its founder members are Hapag-Lloyd (Germany), NYK (Japan) and OOCL (Hong Kong). History Early History OOCL was founded by C. Y. Tung in 1947 as the Orient Overseas Line. OOCL was the first Asian-based shipping line to transport containerized cargo across the Pacific, doing so in 1969. Consequent ...
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Overseas Containers
Overseas Containers Limited (OCL) was a container shipping company formed by a consortium of British shipping companies in 1965. It was taken over by P&O in 1986. History In the early days of containerisation considerable investment was still required in the necessary infrastructure to transport and handle shipping containers, and many shipping companies formed consortia to ease the financial burden. OCL was formed in 1965 by four British companies: British and Commonwealth Shipping, Furness Withy, P&O and the Ocean Steamship Company. Between 1969 and 1970 OCL took delivery of its first ships, a fleet of six vessels of and capacity for the UK/Europe to Australia route. Initially operating from a set of offices in Bevis Marks, London, OCL later moved to custom built offices on Braham Street, a few hundred yards away on a traffic island at the end of Commercial Road. The service was inaugurated on 6 March 1969 by ''Encounter Bay'' undertaking her maiden voyage, and OCL ove ...
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Nippon Yusen
The , also known as NYK Line, is a Japanese shipping company. The company headquarters are located in Chiyoda, Tokyo, Japan. It operates a fleet of over 820 ships, which includes container ships, Tanker (ship), tankers, bulk and woodchip carriers, roll-on/roll-off car carriers, reefer vessels, LNG carriers, and cruise ships. It is a member of the Ocean Network Express and Mitsubishi Group. History 1870-1900 The company traces its history back to the ''Tsukumo Shokai'' shipping company founded by the Tosa Domain, Tosa clan in 1870. In 1875, as the renamed ''Mitsubishi Shokai'', the company inaugurated Japan's first passenger liner service, with a route from Yokohama to Shanghai; in that same year, the company name was changed to Mitsubishi Mail Steamship Company. In 1885, a merger with ''Kyodo Unyu Kaisha'' (founded 1882) led to the adoption of the company's present name.NYKHistory./ref> The merged company had a fleet of 58 steamships and expanded its operations rapidly, first ...
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MS Ruahine
MS ''Ruahine'' was a passenger ship that operated in the mid-20th century, primarily for the New Zealand Shipping Company. Built by John Brown & Company for the New Zealand Shipping Company, she was launched on 11 December 1950 and entered service in May 1951. She operated in combined passenger and cargo trade from London to Auckland and Wellington, arriving in New Zealand in November 1951. At the end of 1966, she was transferred to the fleet of New Zealand Shipping subsidiary Federal Line, but operated under the British flag for only one more year, making her final New Zealand voyage in late 1967. She was subsequently sold to the Orient Overseas Line and renamed ''Oriental Rio'', sailing under the Hong Kong flag until she was scrapped in 1974.OOCL Marks Half a Century of Operations ''Ships Monthly Kelsey Media Ltd is a magazine publisher and trade fair company based in Yalding, England. Founded in 1989, it has bought and sold many publications over the years, including for ...
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Tung Chee-chen
Tung Chee-chen, GBS, SBS, JP ( zh, c=董建成; born 15 December 1942) is a Hong Kong billionaire businessman. He is the chairman and chief executive of shipping company Orient Overseas and a member of the One Country Two Systems Research Institute, a pro-Beijing political thinktank. He is Monaco's honorary consul to Hong Kong. Early life Tung is the second son of shipping tycoon Tung Chao-yung, and the younger brother of Tung Chee-hwa, the first chief executive of the Hong Kong Special Administrative Region. Their ancestral hometown is Ningbo in China's Zhejiang Province. He earned a bachelor's degree from the University of Liverpool and master's in mechanical engineering from MIT. Career Tung served as chairman of the Hong Kong Shipowners' Association from 1993 until 1995. He was the Hong Kong General Chamber of Commerce chairman from 1999 to 2001. In 1996, Tung was appointed chairman and CEO of Orient Overseas (International) Limited, one of the largest shipping co ...
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China Merchants
China Merchants Group Limited ( zh, first=s, s=招商局集团, p=Zhaoshangju Jituan) is a state-owned enterprise (SOE) of the People's Republic of China. The company operates under the auspices of the Chinese Ministry of Transport. Founded in 1872 as the China Merchants Steam Navigation Company in Shanghai, the firm has developed into one of China's leading SOEs since the 1980s and has expanded its global role as a result of China's Belt and Road Initiative in the early 2010s. In the Western media, China Merchants Group is mostly known for being criticized as a tool for China's alleged debt-trap diplomacy and its legal disputes with DP World, another port operator, regarding concession rights at the Port of Djibouti. Beginnings and growth (1872–1978) Early history China Merchants Steam Navigation Company was a shipping company founded on 16 December 1872 by the then Viceroy of Zhili Li Hongzhang, who was also concurrently serving as Commissioner of the Beiyang Fleet. I ...
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Henry Fok
Henry Fok Ying Tung (10 May 1923 – 28 October 2006) was an entrepreneur and politician in Hong Kong. From 1993 until his death, Fok served as Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference. He was one of the Hong Kong's wealthiest persons. Biography Fok was born on 10 May 1923 in Hong Kong to an ethnic Tanka family. Fok's father died in a boating accident when he was just seven. He studied at Queen's College, but was not able to finish junior high due to the Japanese invasion in 1937. He worked as a labourer during that time while helping to run the family's small boat business. Business After the war, he became a successful businessman. His business interests included restaurants, real estate, casinos and petroleum. Fok reportedly made his first fortune gun-running into the mainland during the Korean War in the early 1950s, circumventing a United Nations arms embargo. Fok vigorously denied weapons trafficking, but admi ...
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Bank Of China
The Bank of China (BOC; ; Portuguese language, Portuguese: ''Banco da China'') is a state-owned Chinese Multinational corporation, multinational banking and financial services corporation headquartered in Beijing, Beijing, China. It is one of the "Big four banks, big four" banks in China. As of 31 December 2019, it was the second-largest lender in China overall and ninth-largest bank in the world by market capitalization value, and it is considered a Systemically important financial institution, systemically important bank by the Financial Stability Board. As of the end of 2020, it was the List of largest banks, fourth-largest bank in the world in terms of total assets, ranked after the other three Chinese banks. The Bank of China was formed in 1912 by renaming the Qing dynasty's Da-Qing Bank (est. 1905) under the newly established Republican government. Until 1942, it issued banknotes on behalf of the government as one of the "Big Four" banks of the period, together with the ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, meaning the term ''bankruptcy'' is not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian language, Italian , literally meaning . The term is often described as having originated in Renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment. However, the existence of such a ritual is doubted. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into "debt slavery" until the creditor recouped losses through their Manual labour, physical labour. Many city-states in ancient Greece lim ...
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Tung Chee Hwa
Tung Chee-hwa (; born May 29, 1937) is a Hong Kong businessman and retired politician who served as the first Chief Executive of Hong Kong between 1997 and 2005, upon the transfer of sovereignty on 1 July. He served as a vice chairman of the Chinese People's Political Consultative Conference (CPPCC) between 2005 and 2023. Born as the eldest son of Chinese shipping magnate Tung Chao Yung, who founded Orient Overseas Container Line (OOCL), Tung took over the family business after his father's death in 1981. Four years later, OOCL teetered on the edge of bankruptcy, and the business was saved by the People's Republic of China government through Henry Fok in 1986. He was appointed an unofficial member of the Executive Council of Hong Kong by the last British Governor Chris Patten in 1992 and was tipped as Beijing's favourite as the first Chief Executive of the Hong Kong SAR. In 1996, he was elected the Chief Executive by a 400-member Selection Committee. His government ...
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Seawise Giant
TT ''Seawise Giant''—earlier ''Oppama''; later ''Happy Giant'', ''Jahre Viking'', ''Knock Nevis'', and ''Mont''—was a Oil tanker, ULCC supertanker and the longest self-propelled ship in history. It was built in 1974–1979 by Sumitomo Heavy Industries in Yokosuka, Kanagawa Prefecture, Kanagawa, Japan. The ship possessed the greatest deadweight tonnage ever recorded. Fully laden, its Displacement (ship), displacement was 657,019 tonnes. At the time she was built, it was the heaviest self-propelled ship of any kind. With a laden Draft (hull), draft of and a length of , it was incapable of navigating the English Channel, the Suez Canal or the Panama Canal. It is generally considered the largest self-propelled ship ever built. In 2013 its overall length was surpassed by by the floating liquefied natural gas (FLNG) installation ''Prelude FLNG, Shell Prelude'', a monohull barge design long with 600,000 tonnes displacement. ''Seawise Giant's'' engines were powered by Ljungström ...
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