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AADA hikes China, Hong Kong -Australia rate US$500/TEU October 15
MEMBER shipping lines of the Asia Australia Discussion Agreement (AADA) have announced the introduction of a rate restoration programme covering the trade with China and Hong Kong effective October 15.
From this date, an increase of US$500 per TEU and $1,000 per FEU will be levied in the base ocean freight for both dry and refrigerated cargo with origin in China and Hong Kong for outwards shipment to ports and points in Australia.
"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," a statement issued by the AADA said.
The 14 shipping lines participating in the AADA are: ANL Singapore, APL, Cosco Container Line, Evergreen Line, Hamburg Sud, Hanjin Shipping, HMM, Maersk Line, Mediterranean Shipping Co., Orient Overseas Container Line (OOCL), Pacific International Line (PIL), Sinotrans Container Lines, TS Lines and Yang Ming Line.
From this date, an increase of US$500 per TEU and $1,000 per FEU will be levied in the base ocean freight for both dry and refrigerated cargo with origin in China and Hong Kong for outwards shipment to ports and points in Australia.
"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," a statement issued by the AADA said.
The 14 shipping lines participating in the AADA are: ANL Singapore, APL, Cosco Container Line, Evergreen Line, Hamburg Sud, Hanjin Shipping, HMM, Maersk Line, Mediterranean Shipping Co., Orient Overseas Container Line (OOCL), Pacific International Line (PIL), Sinotrans Container Lines, TS Lines and Yang Ming Line.
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