MEMBER lines of the Asia Australia Discussion Agreement (AADA) will levy a US$300 per TEU rate increase from July 1 on cargo from mainland China and Hong Kong to ports and points in Australia.
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.
AADA is a voluntary discussion forum of 16 ocean carriers serving the trade from North and East Asia to destinations in Australia. Members include ANL Singapore, APL, China Shipping Container Line (HK), Cosco, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk Line, MSC, MOL, NYK, OOCL, PIL, Sinotrans Container Lines, TS Lines and Yang Ming.
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In Conversation With Mr Ajay Reshamwala, Managing Director, Reshamwala Shipbrokers
India Tanker Shipping Trade Summit 2018