Orient Overseas News
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Billionaire Li Ka-shing’s Hongkong International Terminals Ltd. is losing customers as a strike by dockworkers causes a 20-fold increase in vessel berthing times at the world’s third-biggest container port.
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Orient Overseas (International) Ltd., owner of Hong Kong’s biggest container line, posted a 63 percent increase in full-year profit that beat analyst estimates as freight rates rose.
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Orient Overseas (International) Ltd., Hong Kong’s biggest container line, returned to profit in the first half after a $1 billion gain from selling property and a rebound in shipping demand.
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Orient Overseas (International) Ltd., operator of Hong Kong’s biggest container line, fell to the lowest level in two weeks after reporting a 90 percent drop in profit last year and forecasting a “difficult” 2012.
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Orient Overseas (International) Ltd., operator of Hong Kong’s biggest container line, reported a 33 percent decline in first-half profit amid rising fuel costs.
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Orient Overseas (International) Ltd. , Hong Kong’s largest container-shipping line, may add services on routes within Asia as the region’s economic recovery leads a rebound in global shipping demand and rates.
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Orient Overseas (International) Ltd., Hong Kong’s biggest container line, said it was still working on plans to add larger vessels after Lloyd’s List reported that the company was close to a deal.
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Orient Overseas (International) Ltd. agreed to lease a terminal at Port of Long Beach, California, for $4.6 billion over 40 years, the biggest such agreement in U.S. history, according to the port operator.
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The following companies may have significant price changes. Stock symbols are in parentheses. Share prices are as of the last close.
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Orient Overseas (International) Ltd. , operator of Hong Kong’s biggest container line, jumped the most in more than a year on the city’s stock exchange after pledging to pay a $2.09 special dividend.
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