Brandon Cafferky
Monday, October 25, 2021
Daily Infographic: $22B worth of cargo now stuck on container ships off California
The port congestion crisis is Southern California is not getting any better.
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FreightWaves Staff
Tuesday, April 30, 2019
OOCL sells Long Beach terminal for US$1.78 billion
Overseas Orient Container Line (OOCL) has sold its Long Beach Container Terminal for US$1.78 billion (HK$13.973 billion) in cash, it was announced today by OOCL’s owner, Overseas Orient International Ltd (OOIL; HKEX:0316). OOIL says that it expects to realize a gain of just under US$1.3 billion from the deal.