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OOCL Seeks Asia-Europe Rate Hike.(Orient Overseas Container Line Ltd.)(Brief article)

Traffic World

| February 25, 2009 | Leach, Peter T. | COPYRIGHT 2003 All Rights Reserved. (Hide copyright information)Copyright

BYLINE: Peter T. Leach

Orient Overseas Container Line said it will seek a rate increase of $200 per 20-foot container of dry cargo on its service from Asia to North Europe as of April 8.

It called the tariff rate increase the "first measure towards the restoration of a sustainable level of freight rates."

The Hong Kong-based carrier said further tariff increases "would be necessary to maintain the integrity of the supply chain."

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