Shanghai, China-based ocean carrier OOCL on Wednesday, citing ocean freight rates that remain below basic operating and transportation costs, announced ocean freight rate increases effective Jan. 1, 2010.
In a statement, OOCL said that the current rates are "unsustainable for the long term." The increases, described by OOCL as the second phase of its "rate restoration program," will vary depending on the port of egress.
Cargo transiting ports on the United States West Coast will be increased by $480 per twenty-foot container and $600 per forty-foot container.
Cargo transiting US East Coast, US Gulf ports, and all ports in Mexico and Canada will increase by $320 per twenty-foot container and $400 per forty-foot container.
OOCL said that the new rates are required to maintain a viable service level and a comprehensive liner network.
In a statement, OOCL said that the current rates are "unsustainable for the long term." The increases, described by OOCL as the second phase of its "rate restoration program," will vary depending on the port of egress.
Cargo transiting ports on the United States West Coast will be increased by $480 per twenty-foot container and $600 per forty-foot container.
Cargo transiting US East Coast, US Gulf ports, and all ports in Mexico and Canada will increase by $320 per twenty-foot container and $400 per forty-foot container.
OOCL said that the new rates are required to maintain a viable service level and a comprehensive liner network.
