JOC Staff | Nov 20, 2012 4:14PM EST
Ocean carrier Orient Overseas Container Line followed CMA CGM in announcing a rate restoration program for December and a peak-season surcharge for January in the run-up to the Chinese New Year.
Effective Dec. 15, freight rates for westbound traffic from the Far East (including Japan), Indian subcontinent and the Middle East will increase by $550 per 20-foot-equivalent unit to North Europe, and $650 per TEU to the Mediterranean and Black Sea.
For the same westbound coverage, a peak-season surcharge of $350 will be implemented on Jan. 10.
France's CMA CGM announced a similar program earlier Tuesday.
