| Orient Overseas Container Line |
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Orient Overseas Container Line (OOCL) is a Hong Kong -based Container shipping and logistics service company. It is a wholly-owned subsidiary of Orient Overseas (International) Limited (OOIL) . OOCL was founded by C. Y. Tung In 1947 as the Orient Overseas Line. It changed its name to Orient Overseas Container Line in 1969 , when it began the process of Containerization . At its peak, OOCL had a shipping fleet with over 150 freight ships, with a cargo capacity exceeding 10 million tons; it was one of the world's top seven shipping lines. At one stage it also owned the '' Seawise Giant '', the largest ship ever built. The OOCL has suffered setbacks throughout its history, the first during the early 1970s . In September of 1970 , Tung purchased the famous oceanliner '' RMS Queen Elizabeth '' to convert it into a floating university, to be known as ''Seawise University'', in his efforts to keep the World Campus Afloat program alive. On January 9 , 1972 , the ship caught fire during refurbishing and sank into Hong Kong's Victoria Harbour ; the wreckage had to be scrapped three years later. After C. Y. Tung's death in 1982 , C. H. Tung , assumed the leadership of Orient Overseas (International) Limited (OOIL), OOCL's parent company for 14 years. In 1996, C C Tung took over at the helm on C H Tung's election as Chief Executive of the Hong Kong Special Administrative Region . Today, OOCL is one of the world's largest shipping and logistics companies, with more 230 offices in 58 countries around the world. OOCL provides in excess of 70 services covering international trading markets with a fleet of more than 270 ships, including Grand Alliance member line vessels, feeder and OOCL-owned and operater vessels. TRIVIA
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