AADA hikes bunker surcharge to US$675/TEU, $1,350/FEU from March 10

Time:2012-02-09 Browse:49 Author:RISINGSUN

MEMBER carriers of Asia Australia Discussion Agreement (AADA) plan to raise the bunker surcharges to US$676 per TEU and $1,350 per FEU for dry and refrigerated containers from March 10 due to recent increase in the price of oil in Hong Kong and South Korea.

AADA is a voluntary discussion forum of 13 ocean carriers serving the trade from north and east Asia to destinations in Australia, whose members include ANL, CSCL, Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine (HMM), "K" Line, Maersk Line, MSC, MOL, NYK and OOCL.