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OOCL Hikes Rates in Southeast Asia-Australia Services

Created by HButler on 12/19/2012 12:37:21 AM

Hong Kong-based Orient Overseas Container Line announced a rate increase in its Southeast Asia-Australia services, effective Jan. 15, 2013.

Freight rates for traffic from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian subcontinent and the Middle East to Australia will be hiked by $200 per 20-foot-equivalent unit.

Ocean freight rates continue to be below the required level to cover basic operating and transportation costs in these services, the company said.

- The Journal of Commerce.

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