May.25--July 1 increase will apply to trade in both directions
    OOCL said it will put a general rate increase into effect on cargo moving in both directions on the trans-Atlantic trade as of July 1.
    “Ocean freight rates continue to be below the required level to cover basic operating costs or transportation costs on our Trans-Atlantic Trade,” it said in its announcement Wednesday.
    This is the second time OOCL has posted a trans-Atlantic GRI this year. It raised rates April 1 on all westbound cargo moving between Europe, Canada, and the U.S. via Canadian ports.
    OOCL’s newest trans-Atlantic rate increases are:
    $450 per 20-foot-equivalent unit and $600 per 40- and 45-foot-equivalent units for both westbound and eastbound and applicable to dry and reefer cargo on all the routes and services between Europe, Canada and the U.S. via Canadian ports. 
    $400 per TEU and $500 per FEU and 45-foot container for both westbound and eastbound and applicable to dry and reefer cargo on all the routes and service between Europe and the U.S.
    $200 per TEU and $300 per FEU and 45-foot container for both westbound and eastbound and applicable to dry and reefer cargo on all the routes and services between Europe and Mexico.

(Source:JOC)