Dear Valued Customer,

The ocean freight rate for Asia Europe Trade continues to be below the required level to cover basic operating costs. Considering that the current level is unsustainable for the long term, we are announcing a revenue restoration program in order to maintain a viable service level.

With effect from April 1, freight rate for westbound traffic from Asia to Europe will be increased by US$ 450 per TEU.  It covers shipment from the Far East (including Japan), Indian Sub-Continent, and Middle East to North Europe, the Mediterranean and Black Sea.

For further information, please kindly contact our local Sales Representatives.

Thank you for your understanding and continued support to OOCL.