AADA increases basic Greater China to Australia rate by US$300/TEU
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Member lines of the Asia Australia Discussion Agreement (AADA) will levy a freight rate increase of US$300 per TEU and $600 per FEU on both dry and refrigerated cargo from mainland China and Hong Kong to ports in Australia from March 15.
AADA said that to "maintain a high standard of service to customers", the member lines will implement a rate restoration programme. The rate 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," said the AADA statement.
AADA is a voluntary discussion forum of 13 ocean carriers serving the trade from north and east Asia to destinations in Australia, whose members include ANL, CSCL, Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk Line, MSC, MOL, NYK and OOCL.
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