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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."