The ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs in their Southeast Asia-Australia services. Considering that current levels are unsustainable for the long term, OOCL is announcing a rate restoration programme to restore freight rates to a more sustainable level.

In order to maintain a viable service level and a comprehensive liner network, please be advised with effect from July 1, freight rates for traffic from Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam, Cambodia, Philippines, Indian Subcontinent and Middle East) to Australia will be increased by US$150 per TEU.