OOCL Seeks Rate Hike on Asia-Australia Services

2/9/2012 10:04:00 AM

OOCL will extend its largest rate increases to Asia-Australia services, starting March 15. The Hong Kong-based line said rates will increase by $300 per 20-foot container units on north and east Asia-Australia services. The announcement comes after OOCL said it will increase freight rates by $800 per TEU for westbound cargo on Asia-Europe services from March 1. The carrier on Wednesday began a general rate increase of $220 per TEU on westbound trade from India and the Middle East to North Europe. The Journal of Commerce Online

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