04 Agustus 2014

[040814.EN.SEA] Hong Kong's OOCL Joins US HQ Relocation Trend By Setting Up In Utah

HONG KONG's Orient Overseas Container Liner (OOCL) has opened its new US headquarters in Salt Lake City, Utah, transferring American management operations from the San Franscisco Bay area.

It will also close offices in Chicago, Memphis and New York and transfer personnel to Utah, involving the relocation or hiring 300 management personnel and professionals,

Utah provided OOCL with a US$4.7 million Economic Development Tax credit, and a $953,961 grant to offset moving costs. With OOCL expected to pay $500 million in new state wages and more than $19 million in new state taxes over 20 years,

The move is only the latest trend among shipping lines anxious to escape the costs of pricey first tier American cities and moved to more affordable locations inland.

The trend was started in 2009, by Singapore's APL and its parent, Neptune Orient Lines, when it moved its office from the San Francisco Bay area to Scottsdale. Arizona, near Phoenix.

Coscon has announced it will close offices in Boston, Charleston, Chicago, New Jersey, New York, Norfolk, San Francisco and Seattle, and relocated but as not reveals where.

In March, United Arab Shipping Company (UASC), said it will move from Cranford, NJ, to a new 50,000-square foot building in Atlanta-area Peachtree Corner, where it will consolidate Cranford, Norfolk and Savannah operations.

The building will house 160 employees from UASC logistics, accounting, finance and customer service, as well as executive management staff. The State of Georgia and Gwinnett County offered a generous incentive package too.

Source : HKSG.

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