The Asia Australia Discussion Agreement (AADA) will implement a rate restoration increase for export shipments from September 15 - and NOT from September 1 as we erroneously reported in yesterday's enews.
To repeat, from September 15, on all outward shipments with origin in China and Hong Kong to ports and points in Australia will levy an increase of US$350/TEU and US$700/FEU for both dry and refrigerated cargo in the base ocean freight. 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.
To repeat, from September 15, on all outward shipments with origin in China and Hong Kong to ports and points in Australia will levy an increase of US$350/TEU and US$700/FEU for both dry and refrigerated cargo in the base ocean freight. 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.