AADA bunker surcharge rises to US$150/TEU, $300/FEU on June 18

Member lines of the Asia Australia Discussion Agreement (AADA) have increased the bunker surcharge US$150 per TEU and US$300 per FEU for dry and refrigerated containers from Japan, Korea, mainland China, Hong Kong and Taiwan to ports in Australia from June 18.
This reflects recent increases in the price of oil at Hong Kong and South Korea, the AADA said. Customers requiring further information concerning the bunker surcharge are to contact the member lines.
“AADA members have adopted voluntary policy guidelines and have reached a non-binding consensus on the above arrangement,” the AADA statement said.
Member AADA lines are ANL Singapore, APL, China Shipping Container Line (HK), Cosco, Evergreen Line, Hamburg Sud, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, “K” Line, Maersk Line, MSC, MOL, NYK, OOCL, PIL, Sinotrans Container Lines, TS Lines and Yang Ming.