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Hong Kong based liner company OOCL recently caught the industry´s attention with an order for 20,000 TEU

class vessels. HANSA spoke to CEO Andy Tung about the market and strategies of OOCL
OOCL is one of the big names in global liner shipping. After your recent order, do you plan to[ds_preview] gain further market share and step up into the Top 10?

Tung: Our investment in the newbuildings is to ensure that we continue to meet our organic growth objectives and remain competitive in the industry, not to step up on any ranking lists.

Other players keep as well an eye on smaller ship sizes like 3,000 TEU. Is this segment interesting for you, too? What´s with other segments?

Tung: We are not looking into newbuildings of that size segment nor others at this time following our recent order of the 20,000 TEU class vessels. 

What are your plans for the OOCL fleet for the next years?

Tung: We will continue to monitor market developments to build a competitive fleet, part of which would involve working closely with our G6 Alliance partners as well as re-fleeting programs to ensure OOCL vessels remain operationally efficient.

What is the role of OOCL in the G6 alliance?

Tung: OOCL has been in alliances for many years and we believe everyone in the G6 Alliance has been working very hard to provide the benefits of better vessel utilization and cost efficiencies that ultimately benefits our customers.

What is the strategy of G6 to compete with the other two projects »2M« of Maersk and MSC and »Ocean Three« of CMA CGM, UASC and CSCL?

Tung: I believe the real competition in the market is more on the individual liner level; particularly the challenge on how to differentiate your products and services from the others.

What do you think: Will there be any more consolidation projects with takeovers or more alliances?

Tung: Alliances are here to stay and compared with consolidation, is an easier structure to get implemented. Having said that, consolidation is certainly possible, as we have seen over the years where carriers continue to strive to gain scale.

Interview: Michael Meyer


Michael Meyer