OOCL to levy rate hike and CAF on Asia cargo outside Japan

HONG KONG's Orient Overseas Container Line (OOCL) has announced an immediate rate increase of US$150 per TEU, $300 per FEU and $300 per 40-foot high cube containers on all cargo from Hong Kong, Macau and south China to the Middle East.

OOCL also announced that from all Asian countries except Japan to Hong Kong, Macau and South China there will be a currency adjustment factor (CAF) for all dry and reefer cargo of $20 per TEU, $30 per FEU and $30 per 40-foot high cube containers from May 1.

(Source: www.schednet.com)