The economic downturn has led to a weakening of revenue levels to the extent that freight rates are unable to cover basic operating or transportation costs. Considering that current levels are unsustainable for the long term, OOCL would like to advise that we will introduce a rate restoration programme in order to restore freight rates to a more sustainable level.
In order to maintain a viable service level and a comprehensive liner network for all of our customers, please be advised with effect from November 1, 2009, freight rates for traffic on Europe to Asia services (Eastbound) will be increased by USD 100 per TEU.
For any further information, please kindly contact your local sales representative.
Thank you for your understanding and continued support.
