AADA to increase China-Australia rate by US$300/TEU from May 15
MEMBER carriers of the Asia Australia Discussion Agreement (AADA) will levy a rate increase of US$300 per TEU and $600 per FEU for both dry and reefer cargo to ports and points in Australia from mainland China and Hong Kong from May 15.
AADA said the increase will apply in full on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment and was undertaken "in order to maintain a high standard of service to customers".
AADA members include ANL Singapore, China Shipping Container Line (HK), Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, MSC, MOL, NYK and OOCL.