MEMBER lines of the Asia Australia Discussion Agreement (AADA) will implement a rate increase of US$300/TEU and US$600/FEU from August 1 for both dry and refrigerated cargo from mainland China and Hong Kong to ports in Australia.
The AADA said the rate adjustment is necessary to "maintain a high standard of service to their customers".
This 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 AADA said.
AADA is a voluntary discussion forum of 12 ocean carriers including ANL Singapore, APL, Cosco, Evergreen, Hamburg Sud, Hyundai Merchant Marine, Maersk, MSC, OOCL, PIL, TS Lines and Yang Ming.
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