AADA raises China-Australia rate US$300/TEU from March 1


MEMBER lines of the Asia Australia Discussion Agreement (AADA) will raise rates US$300 per TEU and US$600 per FEU for both dry and refrigerated cargo from China to Australia from March 1.

The AADA said in a notice to trade that the action was taken "to maintain a high standard of service to customers". 

The increase will apply in full on top of existing ongoing market rates and will be subject to accessorial surcharges applicable at the time of shipment, the notice said. 

AADA members include ANL Singapore (ANL), APL, Cosco Shipping Lines, Evergreen Line, Hamburg Sud, Hyundai Merchant Marine, Maersk Line, Mediterranean Shipping Co. (MSC), Orient Overseas Container Line (OOCL), Pacific International Line (PIL), TS Lines and Yang Ming Line. 

Source: Schednet

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