Member lines of the Asia-Australia Discussion Agreement announced plans to further lower bunker surcharges imposed earlier on cargo moving from China and Hong Kong to Australia.
Effective Dec. 5, the revised surcharges will be $325 per TEU and $650 per FEU for dry and refrigerated containers, compared with $475 and $950 levied at present, the carriers said in a notice to the trade.
The 13-member group said the decision follows a recent decrease in the price of fuel in Hong Kong and South Korea.
Members of AADA are ANL Singapore, China Shipping Container Lines, Cosco, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, "K" Line, Maersk Line, Mediterranean Shipping Co., MOL, NYK Line, Orient Overseas Container Line and Gold Star Line (Hong Kong).
The Journal Of Commerce Online