OOCL announces rate increase on Southeast Asia-Australia services

Dear Valued Customers:

Currently, ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs in our Southeast Asia-Australia services. Considering that current levels are unsustainable for the long term, we are announcing a rate restoration programme to restore freight rates to a more sustainable level.

In order to maintain a viable service level and a comprehensive liner network, please be advised with effect from July 1, freight rates for traffic from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent and Middle East) to Australia will be increased by US$300 per TEU.

For further information, please kindly contact our local sales representatives.

Thank you for your understanding and continued support of OOCL.