Sign up
Log in Sign up
Tue 5 May 2009, 08:12 GMT

Asia-Australia lines to raise bunker surcharge


Member lines to increase bunker surcharge for dry and refrigerated containers in May.

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

The revised surcharge will be adjusted to US$225 per twenty-foot equivalent unit (TEU) and US$450 per forty-foot equivalent unit (FEU) for dry and refrigerated containers effective from May 15th 2009, except Taiwan where it will be increased from May 30th 2009.

Meanwhile, freight rates for shipments originating from Korea, China, Hong Kong and Taiwan and destined for Australia will be raised on June 1st 2009. Dry and refrigerated cargoes will increase by US$250/TEU and US$500/FEU on top of existing market rates.

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).

BIMCO ETS BARECON clause 2026 graphic. BIMCO adopts ETS clause for bareboat charters, delays biofuel provision  

BIMCO’s Documentary Committee has approved an emissions trading compliance clause while requesting further work on a biofuel charter provision.
SALEFORM 2025 standard form graphic. BIMCO and Norwegian Shipbrokers’ Association launch SALEFORM 2025 ship sale contract  

Updated agreement addresses banking changes, compliance requirements and environmental regulations affecting vessel transactions.
Everllence H2 test engine. Everllence develops hydrogen test bench for marine engines  

German engine maker upgrades Augsburg facility under HydroPoLEn project backed by federal maritime research funding.
CMA CGM Osmium vessel. CMA CGM names 13,000-teu methanol-fuelled containership in South Korea  

CMA CGM Osmium to operate on Asia–Mexico service as part of the carrier’s decarbonisation strategy.
NorthStandard logo. NorthStandard publishes biofuel guide as marine insurance claims emerge  

White paper addresses quality issues and compliance requirements as biofuel testing volumes surge twelvefold.
Clean Maritime Fuels Platform (CMFP) logo. Maritime fuel platform calls for EU shipping ETS revenues to fund clean fuel deployment  

Clean Maritime Fuels Platform urges earmarking of national emissions trading revenues for renewable fuel infrastructure.
Seatransport 73m SLV Lloyd’s Register grants approval for hybrid nuclear power design for amphibious vessels  

Classification society approves Seatransport’s concept integrating micro modular reactors with diesel-electric systems.
Everllence ME-LGIE engine. Everllence and Vale partner on ethanol-powered marine engine development  

Brazilian mining company to develop dual-fuel ethanol engines based on ME-LGI platform.
India flag. Emvolon highlights biomethanol as a solution to unlock India’s biogas potential  

Company says distributed biogas-to-biomethanol production could bridge rural feedstock with maritime fuel demand.
Grande Svezia vessel. Grimaldi's Grande Svezia makes inaugural Le Havre call with ammonia-ready design  

Second of 10 new-generation PCTCs features 5 MWh battery system and cold ironing capability.




 Recommended