May.21--Following its 90 per cent decline in 2011 net profit, Hong Kong's orient Overseas Container Line (OOCL) announced that it plans to raise rates again for container shipments transported from north Europe to Asia, beginning June 15 to boost profitability.
    OOCL plans to increase freight rates by US$200 per container (TEU and FEU) for all shipments carried on this trade route, the Dow Jones reports.
    The latest rate increase comes after OOCL raised its freight rate for the same route by US$200 per box on May 15.

(Source:shippingazette)