OOCL introduces a rate restoration programme in order to restore freight rates to a more sustainable level.
The economic downturn has led to a weakening of revenue levels to the extent that freight rates are unable to cover basic operating or transportation costs. Considering that current levels are unsustainable for the long term, OOCL would like to advise that we will introduce a rate restoration programme in order to restore freight rates to a more sustainable level.
To maintain a viable service level and a comprehensive liner network for all of our customers, please be advised with effect from October 1, 2009, freight rates for traffic to/from North Europe and the US, Canada and Mexico will be increased by US$ 320 per 20" and US$ 400 per 40".
We would like to thank our valued customers for their continued support.