Member lines participating in the Asia Australia Discussion Agreement (AADA) have announced an increase in the bunker surcharge for freight transported from China and Hong Kong to ports in Australia.
The move has been prompted by the ongoing surge in fuel prices in Hong Kong and South Korea.
A statement issued on behalf of members said that in accordance with the established review procedures, the bunker surcharge level will be adjusted to US$650 per TEU and $1,300 per FEU for dry and refrigerated containers with effect from August 8, 2008.
AADA members are ANL Singapore Pte Ltd, China Shipping Container Line (HK), Cosco Container Line, Hamburg Sud, Hanjin Shipping, HMM, "K" Line, Maersk Line, MSC, MOL, NYK Line, OOCL, Gold Star Line (HK) and Zim.
The move has been prompted by the ongoing surge in fuel prices in Hong Kong and South Korea.
A statement issued on behalf of members said that in accordance with the established review procedures, the bunker surcharge level will be adjusted to US$650 per TEU and $1,300 per FEU for dry and refrigerated containers with effect from August 8, 2008.
AADA members are ANL Singapore Pte Ltd, China Shipping Container Line (HK), Cosco Container Line, Hamburg Sud, Hanjin Shipping, HMM, "K" Line, Maersk Line, MSC, MOL, NYK Line, OOCL, Gold Star Line (HK) and Zim.