Tung Chao-yung – owner of a very large shipping fleet

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HF: Tung Chao-yung or T.Y.Tung, also known as Tung Hao-yun was a Chinese shipping magnate and the founder of the Orient Overseas Line (now Orient Overseas Container Line or OOCL). He was the father of Tung Chee-hwa, the first chief executive of Hong Kong.
At the peak of his career of his career he owned a shipping fleet with over 150 freight ships; his fleet’s cargo capacity exceeded 10 million tons.
C.Y.Tung

C.Y.Tung Source: South China Morning Post

In 1945, Tung bought an old boat, The Heavenly Dragon, which would become his company flagship and the first Chinese boat to drop anchor at European ports. He moved to Taiwan with the Kuomintang in 1949, and diversified his investments in Hong Kong with the companies Maritime Transport Limited, Oriental Overseas Container Line (OOCL) and Island Navigation Corporation.

Tung accumulated his fleet of ships over the next few years. In 1959 he built the largest tanker in the world, the 70,000 tonne Oriental Giant, followed by his first new boat in France. In 1971 he purchased the Queen Elizabeth which he wanted to make into a floating university.

Queen Elizabeth Arriving In Hong Kong

The Queen Elizabeth arriving in Hong Kong. Source rmhh.co.uk

a)Source: Wikipedia.org
b) This article was first posted on 9th January 2026.
c) Related Indhhk articles:
1. Shipping, Andrew Weir & Company
2. Shipping, Ben Line, Ben Line Steamers Limited, originally based in Leith, Scotland
3. The Hongkong and Yaumati Ferry Company Ltd, 1923-1973

 

 

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