OOCL annoucnes general rate increase on Trans-Atlantic trade
Orient Overseas Container Line (OOCL) has announced General Rate Increase (GRI) on all cargo shipments in both directions on Trans-Atlantic trade, the OOCL's press release said.
"Currently, ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs on our Trans-Atlantic Trade," the carrier said.
The rate increase taking effect as from July 1, are as follows:
• US$450 / 20’ and US$600 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe, Canada and the United States via Canadian ports.
• US$400 / 20’ and US$500 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe and the United States.
• US$200 / 20’ and US$300 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe and Mexico.
Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Orient Overseas (International) Limited (OOIL), a public company (0316) listed on the Hong Kong Stock Exchange. OOCL is one of the world's largest integrated international container transportation, logistics and terminal companies. As one of Hong Kong's most recognized global brands, OOCL provides customers with fully-integrated logistics and containerized transportation services, with a network that encompasses Asia, Europe, North America, the Middle East and Australia / New Zealand.