Orient Overseas International Ltd 2023 AR2
The report outlines Orient Overseas (International) Limited's (OOIL) financial and operational performance for the fiscal year 2023. Despite challenging market conditions and a decline in freight rates from the pandemic peaks, the company remained profitable, recording a net profit of US$1,367.9 million. OOIL continued its fleet modernization by taking delivery of six new eco-friendly 24,188 TEU mega vessels. The company advanced its sustainability efforts by completing its first biofuel bunkering in Singapore and launching the 'Emission Monitor' platform to track vessel emissions. Additionally, OOIL maintained its inclusion in key sustainability indices, including the Dow Jones Sustainability Asia/Pacific Index and the Hang Seng Corporate Sustainability Index.
Company: Orient Overseas International Ltd
Sector: Industrials
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 191
Orient Overseas International Ltd
Annual Report
The report outlines Orient Overseas (International) Limited's (OOIL) financial and operational performance for the fiscal year 2023. Despite challenging market conditions and a decline in freight rates from the pandemic peaks, the company remained profitable, recording a net profit of US$1,367.9 million. OOIL continued its fleet modernization by taking delivery of six new eco-friendly 24,188 TEU mega vessels. The company advanced its sustainability efforts by completing its first biofuel bunkering in Singapore and launching the 'Emission Monitor' platform to track vessel emissions. Additionally, OOIL maintained its inclusion in key sustainability indices, including the Dow Jones Sustainability Asia/Pacific Index and the Hang Seng Corporate Sustainability Index.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees