OOCL to raise Asia-Europe freight rates from November 1


HONG KONG's Orient Overseas Container Line (OOCL) has announced a rate restoration programme that will affect its services operating the Asia-Europe trades.

With effect from November 1, freight rates for westbound shipments transported from the Far East (excluding Japan) to North Europe, the Mediterranean and Black Sea will be increased by US$400 per TEU, as rated by the "on-board date."

The company said in a statement that it is introducing the rate hike "in order to continue providing quality and sustainable services."

Source: Schednet

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