Trans-Atlantic Trade – General Rate Increase

Dear Valued Customer,

Currently, ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs on our Trans-Atlantic Trade. 

Considering that the current levels are unsustainable for the long term, we are announcing the following General Rate Increase (GRI) with effect from July 1:

• US$450 / 20’ and US$600 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe, Canada and the United States via Canadian ports.

• US$400 / 20’ and US$500 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe and the United States.

• US$200 / 20’ and US$300 / 40’ and 45’ for both Westbound and Eastbound and applicable to dry and reefer cargo on all the routes/loops offered between Europe and Mexico.

For further information, please kindly contact your local Sales Representative.

Thank you for your understanding and continued support of OOCL.