THE Asia Australia Discussion Agreement (AADA) has reduced its bunker surcharge to US$600 per TEU and $1,200 per FEU for dry and refrigerated containers from July 30, reflecting the decrease oil prices in Hong Kong and South Korea.
In a notice to trade, the revised bunker surcharge applies to all container cargo bound for Australian ports from Japan, Korea, mainland China, Hong Kong and Taiwan.
Customers requiring further information concerning the bunker surcharge are advised to contact the member lines, said the AADA statement.
"AADA members have adopted voluntary policy guidelines and have reached a non-binding consensus on the above arrangement," said the statement.
AADA members are ANL Singapore, China Shipping, Cosco, Hamburg Sud, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, MSC, MOL, NYK and OOCL.