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AADA increases China-Australia rate US$300/TEU August 1

MEMBER lines 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 refrigerated cargo moving from mainland China and Hong Kong to Australia from August 1.

A notice to the trade said: "This 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."

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. 

Source: Vietnamshippingazette