OOCL Hikes Asia-Australia Rates

11/23/2009 10:11:17 AM

OOCL will increase some freight rates in December. Effective Dec. 15, OOCL will increase freight rates for traffic from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent and Middle East) to Australia, by $250 per 20-foot equivalent unit. The “rate restoration” is expected to overcome weakened revenue levels brought on by the global economic downturn. The Journal of Commerce Online

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