Hong kong's orient Overseas Container Line (OOCL) has announced it will increase freight rates between northeast Asia, including China, Hong Kong, Taiwan and Korea to and from Australia by US$250 per TEU from October 15.
    This rate increase is a new move for its revenue recovery programme, said the release of the carrier.
    OOCL is a wholly-owned subsidiary of Hong Kong public shipping liner orient Overseas (International) Ltd (OOIL), providing container transport and logistics services with more than 280 offices in 55 countries.

Source: Shipping Gazette