Bill Mongelluzzo | May 28, 2010 1:06PM EDT
Orient Overseas Container Line effective July 1 will increase its rates from Southeast Asia, the Indian subcontinent and the Middle East to Australia by $250 per-TEU.
OOCL said the increase is needed to maintain service standards and ensure sufficient capacity in the trade.
-- Contact Bill Mongelluzzo at bmongelluzzo@joc.com.