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Wed 17 Sep 2008, 10:12 GMT

Asia-Australia lines plan surcharge cut


Member lines to reduce bunker surcharge for dry and refrigerated containers.

Member lines of the Asia Australia Discussion Agreement (AADA) have announced plans to lower the bunker surcharge for cargo shipments from Hong Kong and China to Australia.

The surcharges, set to come in to effect on September 26th, will be reduced to $600 per TEU and $1200 per FEU for dry and refrigerated containers, from previous levels of $650 and $1300 implemented on August 8th.

In a statement released on behalf of all members, the AADA said the decision was due to a recent decrease in the price of fuel in Hong Kong and South Korea.

AADA members are: ANL Singapore Pte, China Shipping Container Line (HK), Cosco Container Line, Gold Star Line, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, Kawasaki Kisen Kaisha Ltd (K Line), Maersk Line, Mediterranean Shipping Company S.A.(MSC), Mitsui OSK Lines Ltd. (MOL), Nippon Yusen Kaisha (NYK Line) and Orient Overseas Container Line (OOCL).

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