AADA reduces bunker surcharge to US$575/TEU, $1,150/FEU from July 28

ASIA Australia Discussion Agreement (AADA) has suggested that its member carriers lower the bunker surcharge to US$575 per TEU and $1,150 per FEU for dry and refrigerated containers from Japan, Korea, China , Hong Kong and Taiwan to ports in Australia effective July 28.

AADA is a voluntary discussion forum of container carriers offering services from north and east Asia to ports in Australia. Its members include ANL, CSCL, Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine (HMM), "K" Line, MSC, MOL, NYK and OOCL.