OOCL plans to increase freight rates for traffic from Northeast Asia (China, Hong Kong, Taiwan and Korea) to Australia on Oct. 15.
The Hong Kong-based carrier said the increases are “the next phase of our recovery program” and are necessary to ensure enough capacity for its customers’ needs.
The targeted rate increase is $250 per 20-foot equivalent container unit.
OOCL’s latest increase follows its Oct. 1 increase of $300 per TEU in rates for containers shipped from Southeast Asia ( Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian subcontinent and Middle East) to Australia.
The Hong Kong-based carrier said the increases are “the next phase of our recovery program” and are necessary to ensure enough capacity for its customers’ needs.
The targeted rate increase is $250 per 20-foot equivalent container unit.
OOCL’s latest increase follows its Oct. 1 increase of $300 per TEU in rates for containers shipped from Southeast Asia ( Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian subcontinent and Middle East) to Australia.