- Assessing the Valuation of Orient Overseas (International) (SEHK:316) After Recent Shifts in Share Price Momentum
Sep 9, 2025
If you have been watching Orient Overseas (International) (SEHK:316) lately, you may have noticed the share price has moved enough to raise a few eyebrows. While there has not been a specific event or headline making waves, these movements often spark questions for investors, especially when it comes to figuring out whether the market has uncovered new growth signals or is simply reassessing risk for this well-known shipping player.
The past year has seen Orient Overseas (International) show impressive resilience, with the stock delivering a 55% total return even as short-term pressures and shifting investor sentiment led to some pullback in recent months. Performance has generally trended upward year-to-date, but with declines seen over the past month and quarter, it is clear that some of last year's momentum has faded, at least for now.
So, does this recent cooling period hint at an undervalued opportunity to buy Orient Overseas (International), or are investors simply adjusting to new growth expectations already baked into the price?
Price-to-Earnings of 4.1x: Is it justified?
Orient Overseas (International) is currently trading at a price-to-earnings (P/E) ratio of 4.1x, which is significantly below both its peer average (7.8x) and the broader Asian Shipping industry average (10.6x). This suggests that, based on earnings, the market may be valuing the company less aggressively compared to comparable operators.
The price-to-earnings ratio measures how much investors are willing to pay for each dollar of earnings. It is a widely used benchmark in capital-intensive sectors like shipping, where profits can fluctuate with global trade cycles.
This below-average P/E could reflect tempered market expectations for future growth or concerns about sustainability of past strong earnings. It may also indicate that investors are waiting for further clarity on the company's longer-term earnings trend before assigning a higher value.
Result: Fair Value of $119.35 (OVERVALUED)
See our latest analysis for Orient Overseas (International).
However, persistently declining revenue and sharply lower net income growth could signal underlying challenges that may limit upside for Orient Overseas (International) shares.
Find out about the key risks to this Orient Overseas (International) narrative.
Another View: The DCF Model Perspective
While the price-to-earnings ratio points toward potential value, our DCF model offers a different story. According to this approach, Orient Overseas (International) may actually be overvalued. This could indicate that the market’s optimism is ahead of reality.
Story Continues
Look into how the SWS DCF model arrives at its fair value.316 Discounted Cash Flow as at Sep 2025
Stay updated when valuation signals shift by adding Orient Overseas (International) to your watchlist or portfolio. Alternatively, explore our screener to discover other companies that fit your criteria.
Build Your Own Orient Overseas (International) Narrative
If you see things differently or want to examine the numbers for yourself, you can easily develop your own perspective in just a few minutes. Do it your way
A great starting point for your Orient Overseas (International) research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
Ready for More Smart Investment Ideas?
Don’t wait for opportunities to pass you by when unique stocks are just a click away. See what’s shaking up the market with new themes, sectors, and disruptive trends right now.
Uncover income potential by targeting elite companies offering dividend stocks with yields > 3% for investors seeking yields greater than 3%. Tap into the future by searching for innovation leaders in the world of AI penny stocks, and ride the AI wave into tomorrow’s breakthroughs. Spot deeply discounted opportunities by zeroing in on value stocks that shine brightest based on undervalued stocks based on cash flows which may outperform as the market catches up.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include 0316.HK.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
View Comments
- Energy & Utilities Roundup: Market Talk
Sep 9, 2025
Find insight on Infratil, oil futures and more in the latest Market Talks covering Energy and Utilities.
Continue Reading
- Auto & Transport Roundup: Market Talk
Aug 27, 2025
Find insight on Frontier Airlines, Orient Overseas, MISC and more in the latest Market Talks covering auto and transport sector.
Continue Reading
View Comments
- Trump Targets China With Biggest Salvo So Far in Second Term
Feb 24, 2025
(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.
Most Read from Bloomberg
Trump Targets $128 Billion California High-Speed Rail Project Trump Asserts Power Over NYC, Proclaims ‘Long Live the King’ Trump to Halt NY Congestion Pricing by Terminating Approval Airbnb Billionaire Offers Pre-Fab Homes for LA Fire Victims Sorry, Kids: Disney’s New York Headquarters Is for Grown-Ups
The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival.
In recent days, President Donald Trump has rolled out a memorandum telling a key government committee to curb Chinese spending on tech, energy and other strategic American sectors. The administration also called on Mexican officials to place their own levies on Chinese imports – a move that comes after some firms from the Asian nation shifted production to the US neighbor to avoid duties the Republican enacted in his first term.
The US also proposed fees on the use of commercial ships made in China to counter the nation’s dominance in the production of the vessels. Chinese shipping stocks fell on Monday, while the benchmark CSI 300 Index slipped 0.2%. The yuan traded onshore rose 0.1% to 7.2480 versus the dollar as of 4:21 p.m. in Shanghai.
Taken together, the steps amount to the most sweeping, forceful actions targeting Beijing of Trump’s fledgling second term and could complicate a deal to reduce China’s trade surplus with the US that the president has indicated he wants to forge.
The memo containing the order to the Committee on Foreign Investment in the US — a secretive panel that scrutinizes proposals by foreign entities to buy US companies or property – seems to be the most impactful of the flurry of moves. Referring to Beijing as a “foreign adversary,” it says the changes are needed to protect “the crown jewels of United States technology, food supplies, farmland, minerals, natural resources, ports, and shipping terminals.”
“This is likely a disappointment for Beijing, which hoped to offer a large-scale investments in the US as a concession in a negotiation,” said Martin Chorzempa, senior fellow at the Peterson Institute for International Economics in Washington. “This calls into question whether the US would be open to that kind of investment.”
China’s expenditure into North America tumbled at the end of last year below levels seen during the worst of the pandemic — a slide likely due to prospective investors waiting to see if Trump would win election in November — and the curbs present a new obstacle to any recovery in that figure.
Story Continues
After the memorandum was released, Beijing urged Washington to stop weaponizing economic and trade issues. The US government’s push to strengthen reviews of business ties on security grounds would seriously undermine the confidence of Chinese companies investing in the US, the Ministry of Commerce said.
The memorandum also says the US government should also review a 1984 tax deal with China that frees individuals and companies from double taxation. “Eliminating these kind of treaties just makes things very uncertain and complicated for investors because they don’t know if they’re going to be taxed,” Chorzempa said.
Stocks
The memo also revived an issue related to the accounting practices of some foreign firms, including those trading on American exchanges like Alibaba Group Holding Ltd. and JD.com Inc., saying the US government would ensure its rules are being adequately followed. Back in 2022, Beijing and Washington resolved a dispute over accounting practices that could have led to the delisting of companies like Alibaba Group Holding Ltd. and JD.com Inc., with US officials saying they had gained sufficient access to audit documents on companies in China and Hong Kong for the first time.
Enforcement of US rules would be “tighter than ever” because of the memorandum, said Winston Ma, adjunct law professor at New York University.
Also, a call in the memo for new and expanded limits on investment from US pension and endowment funds in high-tech sectors in China could affect companies along the Asian nation’s artificial intelligence supply chains, UBS Group AG said in a note. The rule could impact hardware, software and internet firms, strategists including James Wang wrote.
And the Trump administration called for a review of arrangement known as “variable interest entity” that Chinese firms use to list on American exchanges. It also pledged to look into “allegations of fraudulent behavior by these companies,” without going into details.
Shipping
The outline for a plan for fees on Chinese-built ships that carry traded goods also has mandates requiring that a portion of US products be moved on American vessels. It results from an inquiry into Beijing’s practices in the maritime, logistics and shipbuilding industries that started during the Biden administration and ended with a report days before Trump took office.
China’s share of global shipbuilding capacity has surged over the past decade to account for around half of new builds, partly driven by its own domestic demand for more ships. The country’s fleet was valued at $255.2 billion in January, the biggest total globally, according to the analytics platform VesselsValue. Japan was second at $231.4 billion, while the US ranked fourth at $116.4 billion.
Shares of Cosco Shipping Holdings Co., which was earlier blacklisted by the Defense Department over alleged links to the People’s Liberation Army, fell 4.6% in Hong Kong. Orient Overseas International Ltd. retreated 3%.
When asked the about the proposed shipping fee at a regular press briefing, Foreign Ministry spokesman Lin Jian said the US should “respect the rule of law and stop their wrongdoing.”
Underscoring the divide between the two economic powers, last week Chinese Vice Premier He Lifeng expressed “serious concern” over a 10% tariff hike that Trump earlier place on goods from the Asian country. He made the comments in a call with Treasury Secretary Scott Bessent, who raised a host of issues with China, including “economic imbalances.”
China’s $295 billion trade surplus with the US looms large in the new administration’s list of worries, though Trump has said he may be able to reach a fresh deal with Beijing, following one during his first term. “It’s possible, it’s possible,” he said last week. Trump earlier threatened tariffs of 60% on Chinese goods — a level that would devastate trade between the nations — and has ordered his administration to investigate whether Beijing had complied with the trade agreement clinched in 2020.
The Bessent-He call came weeks after the new tariffs took effect, hitting the entirety of Chinese goods shipped to the US. Trump linked them to complaints over Chinese production of precursors for illicit fentanyl heading to America, exacerbating a deadly opioid crisis.
The rising China-US tensions come as Trump pushes to end the war in Ukraine, a move that started with landmark discussions earlier this month between Trump and Russian leader Vladimir Putin. While China would welcome an end to the war because it would help improve its ties with Europe, it raises the possibility that once the fighting ends Washington would turn its full attention to Beijing.
--With assistance from Zhang Dingmin, John Cheng, Helen Sun and Shikhar Balwani.
(Updates with context and comments on accounting rules, and remarks from China’s Foreign Ministry.)
Most Read from Bloomberg Businessweek
Meet Seven of America’s Top Personal Finance Influencers Can Dr. Phil’s Streaming Makeover Find an Audience in the MAGA Era? Walmart Wants to Be Something for Everyone in a Divided America How Med Spas Conquered America India’s Most Reliable Retirement Plan: Selling Grandma’s Jewelry
©2025 Bloomberg L.P.
View Comments
- Breaking Down Silos: IQAX eBL Interoperability Approved by IG P&I Clubs
Jan 22, 2025
HONG KONG, Jan. 22, 2025 /PRNewswire/ -- IQAX Limited's electronic bill of lading (eBL) solution has received approval from the International Group of P&I Clubs (IG P&I Clubs) for IQAX eBL interoperable addendum (version dated 6 December 2024).
This official approval extends IQAX eBL's capabilities to include eBL transactions between IQAX eBL and other approved eBL solution providers, marking a crucial step toward achieving seamless digital trade documentation across platforms. The approval builds upon IQAX eBL's existing success, which has seen over 20,000 customers trust the platform for digital bill-of-lading transactions since its initial IG P&I Clubs approval in June 2022.
"This approval means our customers can conduct inter-platform transfers with the same confidence they've had in our standalone solution," said Lionel Louie, Chief Commercial Officer of IQAX. "They can be assured that eBL-related liabilities are covered under standard P&I terms, identical to paper bills of lading."
The newly approved interoperable addendum highlights that the current interoperable eBL approach—utilizing GSBN as a Control Tracking Registry—ensures the uniqueness and validity of interoperable transfers. This not only satisfies the legal requirements for IG P&I Club approval but also establishes a scalable and commercially viable solution that brings us closer to the goal of full eBL adoption.
IQAX's recent interoperability initiative with ICE Digital Trade, for example, demonstrates the practical application of cross-platform eBL transfers, ensuring security and legal compliance every step of the way.
"This approval positions IQAX at the forefront of digital trade innovation," said Lionel Louie. "We are now equipped to support interoperability with other eBL platforms that share our vision for an interconnected future. We look forward to establishing partnerships with like-minded organizations to drive the digital transformation of global trade documentation."
IQAX remains committed to expanding its network of interoperable partners and continuing to enhance its digital solutions to meet the evolving needs of the global trade community.
For more information about IQAX eBL and its interoperability capabilities, please contact:
engagement@iqax.com
About IQAX
IQAX Limited is a global information technology company that provides intelligent digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, consignees, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain.
Story Continues
IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world.Cision
View original content:https://www.prnewswire.com/news-releases/breaking-down-silos-iqax-ebl-interoperability-approved-by-ig-pi-clubs-302356959.html
SOURCE IQAX Limited
View Comments
- IQAX eBL Won the Outstanding Digital Solution Award for Empowering Digital Intelligent Shipping
Aug 1, 2024
HONG KONG, Aug. 1, 2024 /PRNewswire/ -- IQAX is delighted to announce that the IQAX eBL platform has won the 2024 Outstanding Digital Solution Award at the 13th Annual China Finance Summit (CFS), jointly sponsored by syobserve. com, gongyidaily.com, and major media outlets in China.
The CFS Finance Summit is a major event curated by leading financial and mass media organizations in China. Through diverse formats, the summit convenes business leaders and thinkers to explore the driving forces behind China's economic transformation and development. It has become one of the most influential platforms for intellectual exchange and thought leadership about China's economy.
The IQAX eBL platform prioritizes the security of bills of lading by actively introducing technological innovations into the shipping and logistics industry. Leveraging the distributed, swift transmission, immutable and traceable nature of blockchain technology, it mitigates fraud and loss risks inherent to traditional paper bills of lading. In 2022, IQAX eBL received endorsement from the International Group of P&I Clubs (IGP&I), confirming that electronic bills of lading on the platform have the equivalent legal standing to paper bills of lading.
A user-friendly and efficient experience is another key advantage provided by the IQAX eBL platform. It allows relevant trade parties to conduct e-presentations while transferring eBLs. This suits various commercial scenarios and supports bill-of-lading transfers under different payment methods.
Since launching, the IQAX eBL platform has significantly improved bill-of-lading circulation efficiency for shipping supply chain users. Not only has it reduced the processing time and cost, but it has also enhanced transportation transparency and trust among trading parties by sharing important information such as the status updates of bills of lading and container movements with transport stakeholders. To date, more than 14,000 companies have registered with the platform. Many industry-leading shipping companies such as COSCO SHIPPING, OOCL and Hapag-Lloyd are linked to the IQAX eBL platform, letting users easily manage bills of lading from multiple carriers.
IQAX eBL has processed over 240,000 original bills of lading issued by carriers. It has formed long-term partnerships with major Chinese banks, including Bank of China, Bank of China (Hong Kong), Bank of Communications, China Merchants Bank, Export-Import Bank of China, Pudong Development Bank, China CITIC Bank, Bank of Ningbo, and Shanghai Rural Commercial Bank. The objective is to promote and optimize more shipping finance services. Given its leading products and platform services in electronic bills of lading, the IQAX eBL successfully won a slew of awards such as the 2024 Asia-Pacific Trade Facilitation Innovation Award. It is widely recognized in the industry for using digital technologies to help realize a seamless, digital-first global shipping service system.
Story continues
About IQAX
IQAX Limited is a global information technology company that provides intelligent digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, consignees, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain.
IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world. Cision
View original content:https://www.prnewswire.com/news-releases/iqax-ebl-won-the-outstanding-digital-solution-award-for-empowering-digital-intelligent-shipping-302211827.html
SOURCE IQAX Limited
View comments
- IQAX eBL Won the Outstanding Digital Solution Award for Empowering Digital Intelligent Shipping
Aug 1, 2024
HONG KONG, Aug. 1, 2024 /PRNewswire/ -- IQAX is delighted to announce that the IQAX eBL platform has won the 2024 Outstanding Digital Solution Award at the 13th Annual China Finance Summit (CFS), jointly sponsored by syobserve. com, gongyidaily.com, and major media outlets in China.
The CFS Finance Summit is a major event curated by leading financial and mass media organizations in China. Through diverse formats, the summit convenes business leaders and thinkers to explore the driving forces behind China's economic transformation and development. It has become one of the most influential platforms for intellectual exchange and thought leadership about China's economy.
The IQAX eBL platform prioritizes the security of bills of lading by actively introducing technological innovations into the shipping and logistics industry. Leveraging the distributed, swift transmission, immutable and traceable nature of blockchain technology, it mitigates fraud and loss risks inherent to traditional paper bills of lading. In 2022, IQAX eBL received endorsement from the International Group of P&I Clubs (IGP&I), confirming that electronic bills of lading on the platform have the equivalent legal standing to paper bills of lading.
A user-friendly and efficient experience is another key advantage provided by the IQAX eBL platform. It allows relevant trade parties to conduct e-presentations while transferring eBLs. This suits various commercial scenarios and supports bill-of-lading transfers under different payment methods.
Since launching, the IQAX eBL platform has significantly improved bill-of-lading circulation efficiency for shipping supply chain users. Not only has it reduced the processing time and cost, but it has also enhanced transportation transparency and trust among trading parties by sharing important information such as the status updates of bills of lading and container movements with transport stakeholders. To date, more than 14,000 companies have registered with the platform. Many industry-leading shipping companies such as COSCO SHIPPING, OOCL and Hapag-Lloyd are linked to the IQAX eBL platform, letting users easily manage bills of lading from multiple carriers.
IQAX eBL has processed over 240,000 original bills of lading issued by carriers. It has formed long-term partnerships with major Chinese banks, including Bank of China, Bank of China (Hong Kong), Bank of Communications, China Merchants Bank, Export-Import Bank of China, Pudong Development Bank, China CITIC Bank, Bank of Ningbo, and Shanghai Rural Commercial Bank. The objective is to promote and optimize more shipping finance services. Given its leading products and platform services in electronic bills of lading, the IQAX eBL successfully won a slew of awards such as the 2024 Asia-Pacific Trade Facilitation Innovation Award. It is widely recognized in the industry for using digital technologies to help realize a seamless, digital-first global shipping service system.
Story continues
About IQAX
IQAX Limited is a global information technology company that provides intelligent digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, consignees, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain.
IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world. Cision
View original content:https://www.prnewswire.com/apac/news-releases/iqax-ebl-won-the-outstanding-digital-solution-award-for-empowering-digital-intelligent-shipping-302211836.html
SOURCE IQAX Limited
View comments
- Chinese Shipping Shares Drop on Reports of Gaza Cease-Fire Progress
Jul 8, 2024
Shares of Chinese shipping companies fell sharply on expectations of falling freight rates after Hamas reportedly signaled approval for a cease-fire in Gaza.
View comments
- Orient Overseas International (OROVY) is on the Move, Here's Why the Trend Could be Sustainable
Jun 10, 2024
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Orient Overseas International Ltd. (OROVY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. OROVY is quite a good fit in this regard, gaining 10.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 6.3% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, OROVY is currently trading at 87.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Story continues
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in OROVY may not reverse anytime soon.
In addition to OROVY, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Orient Overseas International Ltd. (OROVY) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
View comments
- Hapag-Lloyd taps IQAX eBL to advance digital transformation of bills of lading
May 6, 2024
IQAX eBL streamlines bill of lading processes, boosts visibility, and enhances security at no extra cost for Hapag-Lloyd customers.
HONG KONG, May 6, 2024 /PRNewswire/ -- IQAX Ltd., an innovative developer of technology solutions for shipping and logistics based in Hong Kong, announced that Hapag-Lloyd, one of the world's largest container shipping lines, will adopt IQAX eBL to issue electronic bills of lading (eBLs).
Hapag-Lloyd has chosen to adopt IQAX's industry-leading IQAX eBL solution to strengthen customer service and accelerate its transition towards 100% adoption of eBLs by 2030.
"As challenges from complex, volatile supply chains continue to grow, Hapag-Lloyd recognizes the need for stronger digital tools to provide stability and transparency to our customers. By working with IQAX, we can offer another robust, paperless solution that maintains visibility and empowers decision-making," said Nilesh Popat, Director – Service Delivery at Hapag-Lloyd.
IQAX eBL leverages the Global Shipping Business Network (GSBN), a blockchain infrastructure that was specifically built to help digitize the shipping industry. The network allows only authorized parties to contribute and consume shipping data, ensuring traceability and security.
"More than 12,000 customers already trust IQAX eBL to manage their electronic bills of lading. IQAX eBL provides a fast and reliable system that will give Hapag-Lloyd's customers full control of their eBLs along with complete visibility of shipment and document milestones at no extra cost," said Lionel Louie, IQAX's Chief Commercial Officer. "Between Jan. 2023 and Mar. 2024, IQAX eBL has processed more than 180,000 carrier's original eBLs representing an estimated US$29 billion worth of goods."
IQAX eBL simplifies document transfers by seamlessly connect all parties involved in global shipping, reducing document transfer timeframes from weeks to just seconds while enhancing security. Providing wider benefits to users, nine different banks have already adopted IQAX eBL. These banks are Bank of China Limited, Bank of China (Hong Kong) Limited, Bank of Communications Co. Ltd., Bank of Ningbo, China Merchants Bank, CITIC Bank, Shanghai Pudong Development Bank Co. Ltd, Shanghai Rural Commercial Bank Co. Ltd., and The Export-Import Bank of China.
IQAX eBL gives Hapag-Lloyd's customers a unified view of shipment milestones and document status through a single platform, a unique feature that strengthens collaboration by giving shippers, consignees and banks a shared view of the latest status of both containers and documents to aid with trade financing and titleship transfer decisions.
Story continues
Both IQAX eBL's end users and Hapag-Lloyd's customers stand to benefit from the shipping line's decision to onboard the IQAX eBL solution, further accelerating the adoption of digitalised trade.
About IQAX
IQAX is a global information technology company that provides intelligent and digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain.
IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world.
About Hapag-Lloyd
With a fleet of 266 modern container ships and a total transport capacity of 2.0 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In the Liner Shipping segment, the Company has around 13,500 employees and 403 offices in 140 countries. Hapag-Lloyd has a container capacity of 2.9 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 113 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India, and North Africa. Around 2,900 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities. Cision
View original content:https://www.prnewswire.com/apac/news-releases/hapag-lloyd-taps-iqax-ebl-to-advance-digital-transformation-of-bills-of-lading-302135502.html
SOURCE IQAX Limited
View comments
