Orient Overseas (International) Ltd 2020 AR2
The report highlights Orient Overseas (International) Limited's (OOIL) outstanding financial and operational performance in 2020, achieving its highest-ever revenue and net profit in its core container shipping and logistics business despite the challenges of the COVID-19 pandemic. The group successfully complied with the IMO 2020 low-sulphur regulations across its fleet and placed orders for twelve new 23,000 TEU container vessels to enhance future efficiency. OOIL also advanced its digital transformation by launching the FreightSmart online platform and establishing IQAX, a wholly-owned technology subsidiary. Additionally, the company demonstrated its commitment to sustainability through various environmental initiatives, such as vessel speed reduction programs and receiving the Gold Award at the BOCHK Corporate Environmental Leadership Awards.
Company: Orient Overseas (International) Ltd
Sector: Transport & logistics
Country: Hong Kong
Year: 2020
Type: AR2
Pages: 203
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Orient Overseas (International) Ltd
Annual Report
The report highlights Orient Overseas (International) Limited's (OOIL) outstanding financial and operational performance in 2020, achieving its highest-ever revenue and net profit in its core container shipping and logistics business despite the challenges of the COVID-19 pandemic. The group successfully complied with the IMO 2020 low-sulphur regulations across its fleet and placed orders for twelve new 23,000 TEU container vessels to enhance future efficiency. OOIL also advanced its digital transformation by launching the FreightSmart online platform and establishing IQAX, a wholly-owned technology subsidiary. Additionally, the company demonstrated its commitment to sustainability through various environmental initiatives, such as vessel speed reduction programs and receiving the Gold Award at the BOCHK Corporate Environmental Leadership Awards.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees