Edition:
India

Orient Overseas (International) Ltd (0316.HK)

0316.HK on Hong Kong Stock

78.45HKD
17 Jul 2018
Change (% chg)

HK$-0.05 (-0.06%)
Prev Close
HK$78.50
Open
HK$78.40
Day's High
HK$78.45
Day's Low
HK$78.40
Volume
380,500
Avg. Vol
1,097,065
52-wk High
HK$78.50
52-wk Low
HK$68.25

Latest Key Developments (Source: Significant Developments)

COSCO SHIPPING's Unit Signs National Security Agreement With U.S. Authorities Regarding OOCL Acquisition
Sunday, 8 Jul 2018 

July 8 (Reuters) - COSCO SHIPPING Holdings Co Ltd <601919.SS>1919.HK::SAYS UNIT FAULKNER GLOBAL SIGNS NATIONAL SECURITY AGREEMENT WITH ORIENT OVERSEAS <<<0316.HK>>>, U.S. HOMELAND SECURITY DEPARTMENT AND U.S. JUSTICE DEPARTMENT REGARDING THE ACQUISITION OF ORIENT OVERSEAS.SAYS UNIT FAULKNER GLOBAL WILL INDIRECTLY OWN U.S.-BASED LONG BEACH'S CONTAINER WHARF BUSINESS AFTER THE ACQUISITION.SAYS RELATED PARTIES HAVE RECEIVED NOTICE FROM CFIUS THAT THE ACQUISITION DOES NOT INVOLVE ANY UNRESOLVED U.S. SECURITY RELATED ISSUES.  Full Article

Cosco Shipping Announces Deals For Proposed Sale Of Certain Shares Of Orient Overseas (International)
Friday, 6 Jul 2018 

July 6 (Reuters) - COSCO SHIPPING HOLDINGS CO LTD <<601919.SS>>::CO OFFEROR & PURCHASERS ENTERED SALE AND PURCHASE AGREEMENTS FOR PROPOSED SALE OF UP TO 94.5 MILLION OOIL SHARES AT HK$78.67 PER SHARE.SALE & PURCHASE OF ORIENT OVERSEAS (INTERNATIONAL) LTD SHARES UNDER DEALS TO ONLY TAKE PLACE IF ITS PUBLIC FLOAT FALLS BELOW 25 PERCENT.  Full Article

Orient Overseas (International) Announces Filing Acceptance From NDRC For Ooil Offer
Wednesday, 16 May 2018 

May 16 (Reuters) - Orient Overseas (International) Ltd <0316.HK>::ORIENT OVERSEAS (INTERNATIONAL) -JOINT OFFERORS ANNOUNCE FILING ACCEPTANCE FROM NDRC WITH RESPECT TO OFFER FOR ALL OF ISSUED SHARES OF OOIL.  Full Article

Orient Overseas International HY profit attributable $53.6 mln
Monday, 7 Aug 2017 

Aug 7 (Reuters) - Orient Overseas International Ltd <0316.HK>:HY profit attributable $53.6 million versus loss attributable $56.7 million.HY revenue $2.90 billion versus $2.56 bln‍​.Board of directors declares payment of interim dividend of US 2.14 cents per ordinary share for 2017."We note slowdown in supply side growth​"."‍Orders of newbuildings have been notably absent this year so far​".  Full Article

Orient Overseas International says HY net loss $56.7 million<0316.HK>
Monday, 8 Aug 2016 

Orient Overseas International Ltd <0316.HK>: HY revenue $2.56 billion versus $3.04 billion . HY net loss $56.7 million versus profit of $238.6 million . Says board of directors does not recommend the payment of an interim dividend for 2016 . Second half of 2016 will be challenging and difficult . Industry continues to face a supply and demand imbalance . Orderbook as a percentage of existing fleet is anticipated to drop to 6.7% and 5.5% respectively in 2017 and 2018 . Expect continued challenges given the global landscape .  Full Article

UPDATE 1-Hapag-Lloyd CEO says cutting costs as fuel prices rise

* Mid-term fundamentals positive, but trade wars a threat (Adds reference to M&A talk, business environment)