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Hong Kong's Orient Overseas Container Line (OOCL) reported 10% higher volumes lifted for the fourth quarter of 2013 rising to 1.4m teu from 1.3m teu in the same period last year, the company said in a stock market announcement.

Orient Overseas Container Line (OOCL) is raising container freight rates from Southeast Asia, Indian sub-continent and the Middle East to Australia from early next year.

The G6 alliance is to pull eight Asia-Europe sailings over the winter in response to an anticipated fall in demand.

Orient Overseas (International) Limited, the parent of Hong Kong line Orient Overseas Container Lines (OOCL) dropped into the red for the first half turning in a net loss of $15.3m compared with a profit of $116.5m for the corresponding period of 2012.

Orient Overseas Container Line (OOCL) reported an almost 10% drop in revenue $1.41bn for the second quarter on a 2.6% fall in total volumes to 1.31m teu.

 

The container shipping industry needs to get used to a new normal of higher energy prices, lower capacity utilisation rates and a lower rate of growth going forward, according to speakers at the first session of the Sea Asia 2013 conference programme, Asian Voice in World Shipping: Liner.

 

Tokyo: Members of trade organisation G6 alliance have announced the port rotations of their new Trans-Pacific trade service, which is due to commence in May.

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