OOCL announces Trans Atlantic Trade General Rate Increase

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.

Source: Transportweekly