HONG KONG's Orient Overseas Container Line (OOCL) is to raise its general rate for cargo for westbound traffic from Asia to Europe by US$275 per cent TEU from September 1, the company announced.
The freight rate will apply to shipments from Far East to the Middle East to North Europe, the Mediterranean and the Black Sea.
The increase is necessary to cover basic operating costs and provide a viable service level, said the company in a notice to trade.
