Shipping lines participating in the Asia Australia Discussion Agreement (AADA) have announced that they are increasing the bunker surcharge for the trade between China, Hong Kong and Australia.
Starting July 4, the bunker surcharge level for shipments from China and Hong Kong to ports in Australia will be raised to US$525 per TEU and $1,050 per FEU for dry and refrigerated containers, a statement issued on behalf of member lines said.
The move is intended to reflect the recent increase in the price of oil in Hong Kong and South Korea, "in accordance with the established review procedures".
AADA members are: ANL Singapore, China Shipping Container Line (HK), Cosco Container Line, Hamburg Sud, Hanjin Shipping, HMM, "K" Line, Maersk Line, MSC, MOL, NYK Line, OOCL and Gold Star Line (HK) (Zim Line).
Starting July 4, the bunker surcharge level for shipments from China and Hong Kong to ports in Australia will be raised to US$525 per TEU and $1,050 per FEU for dry and refrigerated containers, a statement issued on behalf of member lines said.
The move is intended to reflect the recent increase in the price of oil in Hong Kong and South Korea, "in accordance with the established review procedures".
AADA members are: ANL Singapore, China Shipping Container Line (HK), Cosco Container Line, Hamburg Sud, Hanjin Shipping, HMM, "K" Line, Maersk Line, MSC, MOL, NYK Line, OOCL and Gold Star Line (HK) (Zim Line).