Orient Overseas (International) Limited, the parent company of shipping line OOCL, has announced its full-year business results for 2022, with revenue of 19.82 billion USD and profit before interest and tax (EBIT) of 10,089 billion USD.
Orient Overseas (International) Limited (OOIL), the parent company of OOCL (Orient Overseas Container Line) announced its full-year business results for 2022, reporting revenue of $19.82 billion.
In addition, the company's profit before interest and tax (EBIT) increased to $10.089 billion, while profit before interest, tax and amortization (EBITDA) reached $10.95 billion.
In 2022, OOCL shipped 7.1 million TEUs, down about 450,000 TEUs from 2021.
Along with that, the profit allocated to shareholders for 2022 is $ 9,965 billion. Earnings per common share for 2022 were $15.09, compared with $11.08 for 2021.
“Partnering with members of the COSCO SHIPPING Group continues to deliver significant benefits in terms of efficiency, cost savings and our ability to serve our customers with global reach,” said OOIL. We continue to evaluate ways to strengthen and deepen our partnership, with a win-win approach that will benefit our customers, employees, business partners and shareholders."
According to the report, in 2023 and 2024, supply will increase further through the delivery of new vessels – which could slow any improvement in the container shipping market, even if the economic situation more favorable than expected.
Although there will be a few solutions to reduce the risk of increasing supply, such as through increasing the number of ships being unloaded, and more importantly from new environmental regulations. But these will take time to see an impact and therefore won't bring much of a balance until the first half of 2023 at the earliest. At the same time, in the first half of the year, it is possible that the shipping companies will see assess the expected level of demand and adjust their services accordingly.
As of December 31, 2022, the Group had a cash and bank balance of USD 11.214 billion against debt obligations of USD 712.2 million payable in 2023.
OOIL owns one of the world's leading international integrated container shipping enterprises with the trading name "OOCL". Having about 440 offices in about 90 countries/regions, the Group is one of the international enterprises. OOIL is listed on the Hong Kong Stock Exchange.
After two hot years driven by e-commerce and disruption in sea freight, the air-cargo market in 2025 is slowing as supply and demand gradually normalize, belly-capacity (passenger-aircraft freight space) recovers and trade policies fluctuate. For Vietnamese companies exporting high-value goods, this is the time to re-calculate the “sea-air mix” to optimize cost, time and shipment certainty.
From January 1, 2025, the FuelEU Maritime regulation officially takes effect, requiring ships to reduce their “well-to-wake” greenhouse gas intensity by 2% compared to the 2020 baseline, with targets rising progressively until 2050. As a result, “green” costs—including scarce alternative fuels, compliance fees, verification expenses, and carbon-related surcharges—are now clearly reflected in the invoices issued by carriers and shippers. FuelEU does not mandate the use of any specific fuel. Instead, it allows operators to choose the optimal combination of solutions—such as blended biofuels, LNG/bio-LNG, wind-assisted propulsion, or operational optimization—as long as the required emission intensity is achieved. In practice, on major European trade lanes, many carriers have already begun introducing separate “Green Compliance Surcharges” rather than incorporating all environmental costs into traditional bunker surcharges.
Outside the United States, global demand for Chinese products is hitting new highs. Despite being a major target of U.S. tariffs, China has strengthened its trade relationships across Africa, Southeast Asia, and Europe in 2025. While China cements its role as a global export leader, the U.S. is increasingly shifting its focus toward self-reliance.
On the occasion of Vietnamese Teachers’ Day 20/11, Glotrans Vietnam would like to extend our warmest and most respectful greetings to all teachers, trainers, and everyone who tirelessly dedicates themselves to the mission of imparting knowledge.
Glotrans Vietnam is honored to take part in the FIATA World Congress 2025 – the flagship annual event organized by the International Federation of Freight Forwarders Associations (FIATA). This congress gathers leading organizations, experts, and enterprises in the global logistics and international freight forwarding industry.
Recently, Glotrans Vietnam once again affirmed its capability in the field of Project Cargo transportation by successfully completing a special shipment from Shanghai, China to Cat Lai Port, Ho Chi Minh City.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
Company Q (Plaintiff – the Insured) and Company B (Defendant – the Insurer) entered into an insurance contract. After an insured event occurred, the parties could not agree on the value of the loss and therefore conducted an assessment. The unilateral assessment conducted by the Insurer was not accepted, while the independent assessment was only partially recognized.
