Home » Breaking News, Maritime » OOCL to hike SEA-Australia, Europe-Asia service rates

Orient Overseas Container Line (OOCL) will bolster freight rates for its Southeast Asia-Australia services as well as its Europe-Asia operations from October.

Noting that ocean freight rates “continue to be below the required level to cover basic operating costs or transportation costs in our Southeast Asia-Australia services,” the Hong Kong carrier announced a rate hike of US$250 per 20-foot-equivalent unit and $500 per 40-foot-equivalent unit for both dry and refrigerated cargo.

The increase, taking effect from October 1, applies on top of existing market rates and is subject to accessorial surcharges applicable at shipment time, the company said.

Southeast Asia covers Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian Sub-continent, Myanmar, and the Middle East.

Meanwhile, a general rate increase awaits all cargo loading on or after October 1 on the Europe-Asia trade. The GRI of $200 per 20-foot container and $300 per 40-foot dry container will hit the North Europe/Scandinavia/Russia/UK/Eire-Asia route.

The Mediterranean-Asia trade, on the other hand, will carry a $200 GRI per 20-foot container or per 40-foot dry container.


Photo: 401(K) 2013


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