OOCL ups Asia Europe westbound rate US$775/TEU from December 15

HONG KONG's Orient Overseas Container Line (OOCL) has announced a US$775 per TEU rate increase on westbound cargo from Far East (excluding Japan) to North Europe, the Mediterranean and Black Sea from December 15.

The shipping company said the Revenue Restoration Programme was necessary to "continue providing quality and sustainable services in the Asia-Europe trade.