AADA sets bunker surcharge at US$300/TEU on oil price decline

MEMBER lines of the Asia Australian Discussion Agreement are advising customers that the bunker surcharge for shipments from Japan, Korea, mainland China, Hong Kong and Taiwan to ports in Australia will be adjusted downwards to US$300 per TEU and $600 per FEU from August 24 owing to the recent decrease in the price of oil at Hong Kong and South Korea.

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.