OOCL will introduce a revenue restoration program, effective as from May 15, the shipping company announced on April 12.
Freight rate for westbound traffic from Asia to Europe will be increased by US$550 per TEU. It covers shipments from the Far East (including Japan) to North Europe, the Mediterranean and Black Sea.
Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 55 countries. The company operations link Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand.
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