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Tue 29 Dec 2009, 07:02 GMT

Asia-Australia lines to raise bunker surcharge


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

Reflecting recent increase in the price of oil at Hong Kong and South Korea, the member lines of Asia Australia Discussion Agreement (AADA) have advised that in accordance with the established review procedures, the bunker surcharge level for shipments from China and Hong Kong to ports in Australia is to be adjusted to US$425 per TEU and US$850 per FEU for dry and refrigerated containers with effect from 8th January, 2010 except for Taiwan where the increased rate will be effective from January 23, 2010.

Customers requiring further information concerning the bunker surcharge are advised to contact the member lines.

AADA members have adopted voluntary policy guidelines and have reached a non-binding consensus on the above arrangement.

AADA members are: ANL Singapore Pte Ltd (ANL), China Shipping Container Line (HK), COSCO Container Line, Hamburg Sud (HSDG), Hanjin Shipping, Hyundai Merchant Marine, Kawasaki Kisen Kaisha ("K Line") Maersk Line, Mediterranean Shipping Co. (MSC), Mitsui O.S.K. Line (MOL Line), Nippon Yusen Kaisha (NYK Line), Orient Overseas Container Line (OOCL), Gold Star Line (HK) (ZIM Line).

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