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 switches Polish feeder service from Gdansk to Gdynia

     Ocean Overseas Container Line (OOCL) is transferring its container feeder service in Poland to International Container Terminal Services Inc’s (ICTSI) Baltic Container Terminal (BCT) in the Port of Gdynia. ? The transfer of OOCL’s feeder service from Gdansky to the BCT starts this month. The feeder service – part of the

• OOCL Polish Shuttle moves to ICTSI Gdynia

    Hong Kong-based container liner and logistics operator Ocean Overseas Container Line (OOCL) is transferring its container feeder service in Poland to International Container Terminal Services, Inc.’s (ICTSI) Baltic Container Terminal (BCT) in the Port of Gdynia.

• OOCL Polish Shuttle moves to ICTSI Gdynia

    Hong Kong-based container liner and logistics operator Ocean Overseas Container Line (OOCL) is transferring its container feeder service in Poland to International Container Terminal Services, Inc.’s (ICTSI) Baltic Container Terminal (BCT) in the Port of Gdynia. The transfer of OOCL’s feeder service from Gdansk to the BCT starts this July.

• OOCL, COSCON service changes announced

     Orient Overseas Container Line (OOCL) and COSCO Container Lines (COSCON) have announced changes to their existing Middle East Express (MEX) service. The revised MEX service will deploy six 5,500 TEU containerships – three each from OOCL and COSCON. This replaces the Middle East Express, currently run by OOCL, COSCON and TSK,

• OOCL Northeast Asia and Australia Raises Rates

     OOCL said it is increasing freight rates as of July 15 for cargo it transports from Northeast Asia (China, Hong Kongy, Taiwan, Japan and Korea) to Australia. The increase, which OOCL called the next phase of its rate recovery program, will be $250 per 20-foot equivalent container unit. The Journal of Commerce

• 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

• HK shipping company is now working in Polish concession ICTSI

    Philippine-based port operator International Container Terminal Services Inc.

• OOCL Gets 32nd Samsung Ship

     Orient Overseas Container Lines took delivery of the last in a line of 16 vessels with a capacity of 4,578 20-foot equivalent container units that it ordered from Samsung Heavy Industries.

• OOCL announced rate increases on North-East Asia and Australia services

    To ensure the continued provision of high quality services and sufficient capacity to cater for our customer requirements, OOCL is implementing the next phase of our revenue recovery programme with effect from July 15, 2010. Freight rates for traffic from North East Asia (China, Hong Kong, Taiwan, Japan and Korea)