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AADA cuts Asia-Oz bunker surcharge again as price of oil continues plunge

MEMBER lines of the Asia Australia Discussion Agreement (AADA) have reduced the bunker surcharge again for shipments from Japan, Korea, mainland China, Hong Kong and Taiwan to Australia to US$150 per TEU and $300 per FEU February 13 in accordance with the established review procedures. 

AADA cuts Asia-Oz bunker surcharge again as price of oil continues plunge
14 January 2016 - 20:55
AADA cuts Asia-Oz bunker surcharge again as price of oil continues plunge

MEMBER lines of the Asia Australia Discussion Agreement (AADA) have reduced the bunker surcharge again for shipments from Japan, Korea, mainland China, Hong Kong and Taiwan to Australia to US$150 per TEU and $300 per FEU February 13 in accordance with the established review procedures. 

This reduction follows another reduction to US$200 per TEU and $400 per FEU implemented last October 24, again owing to the decrease in the price of oil. 

Customers requiring further information concerning the bunker surcharge are advised to contact the member lines.

AADA members have adopted voluntary policy guidelines and have reached a non-binding consensus on the new surcharge level.

Member AADA lines are ANL Singapore, APL, China Shipping Container Line (HK), Cosco, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk Line, MSC, MOL, NYK, OOCL, PIL, Sinotrans Container Lines, TS Lines and Yang Ming. 

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