Please find here below the latest news on OOCL freights:
OOCL announces rate increase on Southeast Asia-Australia services
Dear Valued Customers:
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 program for this trade lane.
In order to maintain a high standard service level and a comprehensive liner network, please be advised that with
effect from November 1,
freight rates for traffic
from Southeast Asia (Singapore, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent, Myanmar and Middle East)
will be increased by
US$100/TEU and US$200/FEU
for both dry and refrigerated cargo in the base ocean freight. This increase will apply on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment.