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AADA increases in China to Australia rate US$300/TEU and $600/TEU from September 1
MEMBER lines of Asia Australia Discussion Agreement (AADA) have announced a US$300 per TEU and $600 per FEU (both dry and refrigerated goods) rate increase on all cargo from Hong Kong and mainland China to ports and points in Australia from September 1.
The AADA said in a statement that in order to maintain a high standard of service to customers, the participating member lines will be implementing a rate restoration programme to all their customers in China and Hong Kong.
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.
The 14 member carriers of the AADA are: ANL, APL, COSCO Container Line, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, Maersk, MSC, OOCL, PIL, Sinotrans,TS Lines and Yang Ming Line.
The AADA said in a statement that in order to maintain a high standard of service to customers, the participating member lines will be implementing a rate restoration programme to all their customers in China and Hong Kong.
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.
The 14 member carriers of the AADA are: ANL, APL, COSCO Container Line, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, Maersk, MSC, OOCL, PIL, Sinotrans,TS Lines and Yang Ming Line.
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