Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs. Considering that the current levels are unsustainable for the long term,

OOCL will implement a General Rate Increase with effect from April 1st,
2010. The increases are required in order to maintain a viable service
level and a comprehensive liner network.

Ocean rates for cargo loading or discharging at USA or Mexican ports will be increased as follows:

April 1st 2010:??? $400 per 20’ container and $500 per 40’ container

Ocean rates for cargo loading or discharging at Montreal will be increased as follows:

April 1st 2010:??? $320 per 20’ container and $400 per 40’ container

Further rate restorations to be applied during 2010 will be announced in due course.

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

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• OOCL Trans-Atlantic Raises Rates

     OOCL said it will impose a general rate increase on westbound trans-Atlantic cargo as of April 1. The move follows increases on the trade lane that were announced recently by several other carriers including NYK, Hanjin Shipping and Mediterranean Shipping Co. OOCL said current ocean freight rates continue to be below the

• OOCL announced rate increases and peak season surcharge on Europe Australia and New Zealand Services

    In order to maintain and strengthen the high level of service quality and a comprehensive global liner network for all of our customers, OOCL will introduce a rate restoration programme. With effect from March 1, 2010, freight rates from North European, Mediterranean and Black Sea ports to Australia and New

• Trans-Atlantic ACL Raise Prices

     Atlantic Container Line said it will raise rates on east- and westbound trans-Atlantic cargo, effective April 1. The increases, which are the same for cargo moving in both directions, are $250 per 20-foot container and $400 per 40-footer. The move continues a trend in multiple trade lanes after carriers reduced capacity

• CTSA raises bunker costs lowers CAF

     Member lines of the Canada Transpacific Stabilization Agreement said they are raising their bunker surcharge in April. It’s the first rise since January and represents a 5 percent increase. ?? • For East Coast ports, the fuel recovery charge will be $581 per 20-foot container, $727 per 40-foot container, $817 per 40-foot

• The Port of Montreal welcomes first ocean-going vessel of 2010

    Sylvie Vachon, President and Chief Executive Officer of the Montreal Port Authority (MPA), welcomed Friday morning Captain Steven Lloyd, Master of the OOCL Belgium, and his crew. By crossing the Port of Montreal’s downstream limits at Sorel at 00:51 a.m., the OOCL Belgium became the first ocean-going vessel to reach

• OOCL Trans-Pacific hikes prices

     OOCL will implement a general rate increase for all dry and reefer cargoes leaving Hong Kong, Macau and South China for shipment to Canada. Based on cargo receiving date, the GRI will take effect March 15. The increases for cargo going to Torontoy or Montrealy will be $400 per 20-foot container,

• OOCL announced rate increases in the Asia – Australia services

    OOCL announced yesterday, that the company will introduce a rate restoration program in order to restore freight rates to a more sustainable level.

• Container lines raise U.S. prices 1 Asia April

    Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further general rate increase (GRI) on ocean cargo moving from the U.S. to Asia.

• OOCL Charleston names on Geoje Shipyard, Korea

    OOCL is proud to announce on December 18, 2009, the christening of the twelfth Panamax class vessel in our line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries. The new vessel was christened the m.v

• MOL to Asia raise U.S. prices

     MOL said it will increase ocean freight rates for all cargo originating in Asia and imported into the United States, effective Jan. 15. The move by the Japanese liner follows an announcement Dec.

• OOCL Nagoya name on Geoje Shipyard, Korea

    OOCL is proud to announce on November 23, 2009, the christening of the eleventh Panamax class vessel in our line of sixteen 4,500-TEU vessels ordered from Samsung Heavy Industries.

• AADA members to increase freight

    In order to maintain a high standard of service to their customers, the participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from January 15, 2010 to all their customers in China, Hong Kong and Taiwan.

• OOCL imposed Peak Season Surcharge

     OOCL has announced a peak season surcharge on shipments of westbound refrigerated cargo from Europe to Montrealy. The carrier said that with the onset of the winter peak season for reefer cargo, the demand for reefer plugs on westbound sailings from Europe to Montrealy exceeds supply. The surcharge will be $400 per

• OOCL Raises Rates from China

     Ocean carrier OOCL will increase its rates on all dry and refrigerated cargo from Hong Kong, Macau and South China to New Zealand, effective Nov. 1. The “restoration” comes as most large carriers boost rates in a bid to overcome steep declines that persisted through the global recession. The increases will

• OOCL China Raises Rates from

     Ocean carrier OOCL will increase its rates on all dry and refrigerated cargo from Hong Kong, Macau and South China to New Zealand, effective Nov. 1. The “restoration” comes as most large carriers boost rates in a bid to overcome steep declines that persisted through the global recession. The increases will