OOCL Hikes Trans-Atlantic, Asia-Australia Rates

9/3/2010 9:51:51 AM

OOCL plans to raise rates on Oct. 1 on its services in both directions on the trans-Atlantic and on its services from the Middle East, South and Southeast Asia to Australia. The rate increase, which will apply to all cargo shipped between Europe and the U.S., Canada and Mexico, will be $320 per 20-foot container equivalent unit and $400 per 40-foot unit. At the same time OOCL said it will increase rates by $300 per TEU on containers shipped from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent and Middle East) to Australia. The Journal of Commerce Online

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