|
OOCL announces rate increases on Asia - Australia services |
|
|
|
Friday, 20 November 2009 |
 OOCL announced yesterday, that the company will introduce a rate restoration program in order to restore freight rates to a more sustainable level. Due to the economic downturn,
there has been a weakening of revenue levels to the extent that freight
rates are unable to cover basic operating or transportation costs.
Current levels are unsustainable for the long term.
In order to maintain a viable service level and a comprehensive liner
network for all of our customers, please be advised with effect from
December 15, 2009, freight rates for traffic from Southeast Asia
(Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia,
Philippines, Indian Subcontinent and Middle East) to Australia, will be
increased by USD 250 per TEU.
Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of
Hong Kong Stock Exchange listed Orient Overseas (International) Ltd.
Headquartered in Hong Kong, OOCL is one of the world's leading
container transport and logistics service providers, with more than 280
offices in 55 countries. Linking Asia, Europe, North America, the
Mediterranean, the Indian sub-continent, the Middle East and
Australia/New Zealand, the company offers transportation services to
all major east/west trading economies of the world. OOCL is one of the
leading international carriers serving China, providing a full range of
logistics and transportation services throughout the country. It is
also an industry leader in the use of information technology and
e-commerce to manage the entire cargo process.
Source: OOCL
|
Free Daily Newsletter Subscribe 
Rss
Online - Contact Send us your news
