Orient Overseas Container Lines (OOCl)

In 2015, CalSTRS designated Orient Overseas International as “Under Review” for potentially having ties to Iran. In 2016, CalSTRS designated Orient Overseas International as “Being Monitored” while CalSTRS conducted further review of the company’s compliance and control policies and procedures. In 2017, CalSTRS maintained the “Being Monitored” designation. In 2018, CalSTRS removed the company as it no longer holds any of the company’s securities.

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"So despite concerns over regulation and reputation, that opportunity explains the caravan of container carriers that started resuming service to Iran back in January. The Iranian port at Bandar Abbas now welcomes ships from Evergreen, Hyundai, OOCL, Hanjin, “K” Line, KMTC, X-Press, Yang Ming, and many more..." (Global Trade, "Transportation/Logistics:Iran is Back Open for Business," 11/1/2016).

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"A spokesman with Hong Kong-headquartered Orient Overseas Container Line said its feeder service to Iran from the UAE would cease from June after ending direct business from Asia two years ago. A source at Hong Kong's Wah Hai Lines said it would no longer send its vessels to Iran." (Reuters, "Iran faces fresh trade heat as more shipping firms exit," 5/7/2013) 

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Operates as a container service in Iranian ports.  (Ports and Maritime Organization: Shipping Lines which operating in Iranian Ports)

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Uses Tidewater Middle East Co.’s private terminals in the Shahid Rajaee Port Complex. (Tidewater: Reflection of Tomorrow)

On June 23, 2011, the U.S. Treasury Department sanctioned Tidewater Middle East Co. (“Tidewater”), Iran’s major port operator, because the IRGC owns it and uses it for illicit activities including weapons shipments. (U.S. Department of the Treasury Press Center, “Treasury Sanctions Major Iranian Commercial Entities,” 6/23/11)  The EU followed with its own sanctions against Tidewater on January 23, 2012. (Official Journal or the European Union: Council Decision 2012/35/CFSP)