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, OOCL would like to announce 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.
Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Hong Kong Stock Exchange listed Orient Overseas (International) Ltd. Headquartered in Hong Kong, OOCL is one of the world's leading container transport and logistics service providers, with more than 280 offices in 55 countries. Linking Asia, Europe, North America, the Mediterranean, the Indian sub-continent, the Middle East and Australia/New Zealand, the company offers transportation services to all major east/west trading economies of the world. OOCL is one of the leading international carriers serving China, providing a full range of logistics and transportation services throughout the country. It is also an industry leader in the use of information technology and e-commerce to manage the entire cargo process. Website: http://www.oocl.com/
