CONTAINER shipping lines participating in the Asia Australia Discussion Agreement (AADA) have announced that the bunker surcharge level for shipments from Japan, Korea, China, Hong Kong and Taiwan to ports in Australia will be raised to US$300 per TEU and $600 per FEU for dry and refrigerated containers, starting from February 25.
In a notice to the trade, the AADA said that the bunker surcharge hike comes in response to the increase in the price of oil in Hong Kong and South Korea.
AADA members applying the revised bunker surcharge are: ANL Singapore, APL, Cosco Shipping, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, Mediterranean Shipping Co. (MSC), Orient Overseas Container Line (OOCL), Pacific International Line (PIL), TS Line, and Yang Ming Line.
