Revenue restoration program - Asia Europe Trade

Dear Valued Customer,

The ocean freight rate for Asia Europe Trade continues to be under the required level to cover basic operating costs. Considering that the current level is unsustainable for the long term, we are announcing a revenue restoration program in order to maintain a viable service level.

With effect from Sept 1, 2011, freight rate for the westbound traffic from Asia to Europe will be increased by USD 275 per TEU. It covers shipments from the Far East (except Japan), the India Sub-Continent and the Middle East to North Europe, the Mediterranean and the Black Sea.

For further information, please kindly contact our local Sales Representatives.

Thank you for your understanding and continued support to OOCL.