Orient Overseas Container Lines (OOCL) announced a general rate increase (GRI) on its Southeast Asia-Australia services from mid-January, 2013 “to restore freight rates to a more sustainable level.”
Saying current rates do not sufficiently cover basic operating costs, OOCL, Hong Kong’s biggest container line, will hike ocean cargo rates on the trade lane by US$200 per 20-foot equivalent unit (TEU) from January 15.
The rate restoration will apply to traffic from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, the Philippines, Indian Subcontinent and Middle East) to Australia.
Earlier, on December 7, OOCL said it was implementing a revenue recovery program for traffic from Asia to New Zealand. Also effective January 15, the GRI will be $200 per TEU.
Photo courtesy of OOCL
