T ung Chee Chen is a Hong Kong shipping magnate and the former chairman of Orient Overseas (International) Limited (OOIL), the parent company of one of the world's largest container shipping lines, OOCL. He is the younger son of the company's late founder, C. Y. Tung, a legendary figure who was a pioneer of the modern shipping industry. After his father's death in 1982, Chee Chen and his older brother, Tung Chee Hwa, took over the family's business, which was facing a severe financial crisis.
Tung Chee Chen, who has a master's degree in engineering, took the lead on the business side of the company, serving as its longtime CEO and later as chairman. He successfully steered the company through the crisis and guided it for decades, navigating the highly volatile and cyclical global shipping industry. His career-defining moment came in 2018 when the Tung family sold their controlling stake in OOIL to the Chinese state-owned shipping giant, COSCO Shipping Holdings, for over $6 billion. This deal cemented the family's massive fortune and marked the end of an era for one of Hong Kong's most storied shipping dynasties.
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