OOCL rate rise

Orient Overseas Container Line (OOCL) is set to implement a general rate increase on its services to North America.

From 1 April 2010 cargo loading or discharging at USA or Mexican ports face an additional charge of $400 per teu and $500 per feu.

OOCL said ocean rates for cargo loading or discharging at Montreal will be increased by $320 per teu and $400 per feu from the same date.

“Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs,” OOCL said.

It added: “The increases are required in order to maintain a viable service level and a comprehensive liner network.”

It said further rate restorations to be applied during 2010 will be announced in “due course.”

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