OOCL has extended its round of global freight rate increases to include southbound services on the North and East Asia to Australia trade.
Starting April 15, rates will increase by $300 per 20-foot equivalent unit from all ports in the region. The Hong Kong-based carrier said the revenue recovery measure would allow it to “ensure the continued provision of high quality services and sufficient capacity to cater to our customers’ needs.”
OOCL has now announced rate increases across most of the world’s major container trade lanes.
From April 1 cargo moving southbound to Australia from Southeast Asia, including from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, the Indian subcontinent and the Middle East, will be subject to a $200 per TEU rate hike.
On the same date rates on trans-Atlantic trades moving via Canada’s ports will be increased by $320 per TEU and $400 per FEU.
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