Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs. Considering that the current levels are unsustainable for the long term, we are announcing the second phase of our rate restoration programme which will be applied on January 1st, 2010.
The increases, which are required in order to maintain a viable service level and a comprehensive liner network for all of our customers, are as follows;
Rates for cargo transiting ports of Canada, US East Coast, US Gulf, and Mexico will be increased by US$320 per 20’ container and US$400 per 40’ container.
Rates for cargo transiting ports on the US West Coast will be increased by US$480 per 20’ container and US$600 per 40’ container.
For any further information, please kindly contact your local Sales Representative.
Thank you for your understanding and continued support of OOCL.
