News Content
OOCL hikes southeast Asia-Australia rate US$200/TEU from April 1
HONG KONG's Orient Overseas Container Line (OOCL) has announced an increase in freight rates of US$200 per TEU and $400 per FEU on cargo from Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, the Philippines, the Indian subcontinent, Myanmar and Middle East to Australia from April 1.
"The ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs in our southeast Asia-Australia services. Considering that current levels are unsustainable for the long term, we are announcing a rate restoration programme for this trade lane," said OOCL.
This increase will apply on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment.
On Friday, the Asia Australia Discussion Agreement (AADA), of which OOCL is member, announced a $500 rate hike from Greater China to Australia.
"The ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs in our southeast Asia-Australia services. Considering that current levels are unsustainable for the long term, we are announcing a rate restoration programme for this trade lane," said OOCL.
This increase will apply on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment.
On Friday, the Asia Australia Discussion Agreement (AADA), of which OOCL is member, announced a $500 rate hike from Greater China to Australia.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
