OOCL hikes Med-Asia/Australia rates, UASC hits Iran with US$500/TEU boost
HONG KONG's Overseas Orient Container Line (OOCL) will increase freight rates on services from south east Asia, India and the Middle East to Australia US$200 per TEU hike on October 15.
The company said this will help "cover basic operating costs" and "restore freight rates to a more sustainable level."
The increase will cover cargo from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, the Philippines, the Indian subcontinent and the Middle East to Australia.
The United Arab Shipping Company (UASC) will levy a rate increase on cargo from the western Mediterranean and Adriatic to the Indian subcontinent and the Arabian Gulf of US$200 per container as well as a $500 per TEU hike on shipments from the western Mediterranean and the Adriatic to Iran. These apply from October 1.
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