Asia Australia Discussion Agreement to levy US$575/TEU bunker surcharge

10/24/2013 9:27:59 AM

THE Asia Australia Discussion Agreement (AADA) expects its members to levy a bunker surcharge of US$575 per TEU and $1,150 per FEU for cargo from Japan, Korea, mainland China, Hong Kong and Taiwan to ports in Australia from November 23. The AADA statement said the bunker surcharge reflected a "recent increase in the price of oil at Hong Kong and South Korea". AADA members include ANL Singapore, China Shipping, Cosco, Hamburg Sud, Hanjin Shipping, Hapag- Lloyd, Hyundai Merchant Marine, "K" Line, MSC, MOL, NYK, OOCL and TS Line.   Asian Shipper News

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