THE 19 ocean carrier serving the trade from north and east Asia to Australia, who participate in the Asia Australia Discussion Agreement (AADA), will be seeking to implement a rate restoration programme from May 15 on select trade lanes.
Freight rates for all outward shipments originating in China and Hong Kong to ports and points in Australia will be increased by US$300 per TEU and $600 per FEU containing dry or refrigerated cargo.
"This increase will apply in full on top of existing on-going market rates and will be subject to accessorial surcharges applicable at the time of shipment," an AADA statement said.
Member shipping lines are: ANL Singapore, APL, China Shipping Container Line, Cosco Evergreen Line, Hamburg Sud, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk Line, Mediterranean Shipping Co., MOL, NYK, OOCL, Pacific International Line, Sinotrans Container Lines, TS Lines and Yang Ming.
MARKETS
14 April 2015 - 18:30
AADA to raise Greater China rate to Australia US$300/TEU May 15
THE 19 ocean carrier serving the trade from north and east Asia to Australia, who participate in the Asia Australia Discussion Agreement (AADA), will be seeking to implement a rate restoration programme from May 15 on select trade lanes.
MARKETS
14 April 2015 - 18:30
AADA to raise Greater China rate to Australia US$300/TEU May 15
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