MEMBER lines of the Asia Australia Discussion Agreement (AADA) have announced a rate increase of US$400 per TEU and US$800 per FEU on call cargo from mainland China and Hong Kong to Australia from January 7.
"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," said the AADA statement.
The AADA said the increase on both dry and refrigerated cargo in the base ocean freight rate was necessary to maintain a high standard of service to customers.
AADA members include ANL Singapore, China Shipping, Cosco, Evergreen, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine,"K" Line, Maersk, MSC, MOL, NYK, OOCL, TS Lines and Yang Ming.
