OOCL to raise Europe-to-Asia rates

10/27/2009 9:57:34 AM

Hong Kong-based ocean carrier OOCL said it will begin raising rates on the eastbound trade between Europe and Asia by $100 per TEU beginning Nov. 1.   “The economic downturn has led to a weakening of revenue levels to the extent that freight rates are unable to cover basic operating or transportation costs,” the carrier said in a customer advisory.   American Shipper

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