OOCL to Hike Westbound Asia-Europe Rates $800

2/4/2012 9:22:19 AM

OOCL announced it will increase freight rates $800 for westbound cargo on Asia-Europe services March 1, joining other carriers in an attempt to pump up rates on the depressed trade lane. OOCL will boost its rates by $800 per 20-foot equivalent unit on all shipments from the Far East (except Japan) to North Europe, the Mediterranean and the Black Sea. The increase would more than double the latest spot market rates on Asia-Europe lanes. OOCL’s action mirrors the March 1 rate increases already scheduled by several other ocean carriers, including Maersk Line, Mediterranean Shipping and Hanjin. The Journal of Commerce Online

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OOCL takes last of 13,208 TEU order, CSCL takes two 10,036 TEUers (5/23/2014 9:04:07 AM) OOCL ups Japan/China-NZ rate US$250/TEU - $150/TEU from Singapore (5/19/2014 8:31:49 AM) OOCL hikes southeast Asia-Australia rate US$200/TEU from April 1 (3/3/2014 8:33:41 AM) OOCL box volume up 10pc, but only intra-Asia/Oz trades hike revenue (1/27/2014 9:37:47 AM) OOCL ups north Europe-Asia rate US$200/TEU and $300/FEU March 1 (1/27/2014 9:37:19 AM) OOCL increases Asia-New Zealand freight rate US$300/TEU from April (1/17/2014 8:56:05 AM) OOCL to hike southeast Asia-Australia rate US$200/TEU January 15 (12/16/2013 10:05:06 AM) OOCL, Hapag-Lloyd, MISC, NYK cancel Asia-Black Sea express service (12/13/2013 10:59:07 AM) KMTC and OOCL swap slots on two Far East-India/Sri Lanka loops (11/22/2013 10:01:55 AM) CSCL, UASC and OOCL slot exchange on two intra-Asia services (11/21/2013 9:09:41 AM)

OTHER NEWS

Hapag-Lloyd to start weekly service to Portland (2/4/2012 9:21:48 AM) Hanjin Seeks $700 Increase in Asia-Europe Rates (2/4/2012 9:20:54 AM) Hapag-Lloyd raises Asia/India-Mideast rates (2/4/2012 9:20:19 AM) Maersk suspends MEW1 round-Africa loop (2/3/2012 9:06:08 AM) Maersk Raises Rates From India to Latin America, Caribbean (2/3/2012 9:05:23 AM) CMA CGM Raises Asia-Mediterranean-Europe Rates (2/3/2012 9:04:24 AM) MSC Hikes Rates from US to Middle East, India, Africa (2/2/2012 9:34:17 AM) 13,000 TEU Cosco ship visits Kaohsiung (2/2/2012 9:33:34 AM) CMA CGM announces a new agreement with CSCL and UASC (2/2/2012 9:32:39 AM) Maersk Line Adds $775 to Asia-Europe Rates (2/1/2012 9:09:40 AM)

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