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2010 August 31   06:55

OOCL hikes Trans-Atlantic, Asia-Australia rates on Oct. 1

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 Hong Kong-based liner company said Monday it will impose a general rate increase on all types of containers moving in both directions on the trans-Atlantic trade starting Oct. 1.

By The Numbers: Europe-North America Westbound Container Trade.

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.

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