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Thu 28 May 2009, 16:52 GMT

Asia-Australia lines to raise bunker surcharge


AADA to increase surcharge by 22 percent for shipments from Hong Kong and China to Australia.

Member lines of the Asia Australia Discussion Agreement (AADA) have announced plans to implement a 22 percent increase in the bunker surcharge for cargo shipments from Hong Kong and China to Australia.

The revised surcharge will be raised by $50 to US$275 per twenty-foot equivalent unit (TEU) and by $100 to $550 per forty-foot equivalent unit (FEU) for dry and refrigerated containers.

The new surcharges are due to come into effect on 12th June 2009.

AADA members are ANL Singapore Pte (ANL), China Shipping Container Line (HK), COSCO Container Line, Gold Star Line (HK) (Zim/GSL), Hamburg Sud (HSDG), Hanjin Shipping, Hyundai Merchant Marine, Kawasaki Kisen Kaisha ("K" Line), Mediterranean Shipping Co. (MSC), Mitsui OSK Lines (MOL Line), Nippon Yusen Kaisha (NYK Line) and Orient Overseas Container Line (OOCL).

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