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OOCL was founded by C. Y. Tung in 1947 as the Orient Overseas Line. In 1969, OOCL was the first Asian -based shipping line to transport containerized cargo across the Pacific. Consequently, the company was renamed Orient Overseas Container Line. In those days its Victory-class vessels could carry 300 TEU, a far cry from today's post-Panamax ...
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Subsidiary operations such as the Australia- Japan Container Line did not follow this trend, instead having names such as Arafura and Aotea. When OCL became P&OCL, there was a slight modification to the ships' colour scheme, the hulls becoming completely green and the OCL logo on the funnels being replaced with the P&O logo.
In 1973, Orient Overseas Line purchased passenger liner SS President Cleveland and renamed Oriental President. [9] In 1974, Orient Overseas Container (Holdings) acquired a bulk freighter company from the Tung family's C.Y. Tung Group, for HK$43 million. [10]
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