Rate Restoration North East Asia – Australia Trade
OOCL has advised that there will be a Rate Restoration of US$300/ 20’ and US$600/ 40’ from 1st Nov 2024 to maintain sustainable and reliable schedule to their clients. It will be applied for both dry and refrigerated cargoes in the base ocean freight for cargoes from North East Asia to Australia.
This increase will be applied in full on top of existing ongoing market rates to all shipments based on shipment onboard date, and will be subject to ancillary surcharges applicable at the time of shipment.
OOCL’s rate restoration, effective from November 1, 2024, will see an increase of US$300 for 20’ containers and US$600 for 40’ containers in sea freight. This adjustment may affect shipping budgets and logistics planning, prompting businesses to reassess their cost structures.
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