AADA rate restoration announced

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Sep 2009

The participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from October 19, 2009 to all their customers in China, Hong Kong and Taiwan. From October 19, 2009 all outward shipments with origin in China, Hong Kong and Taiwan to ports and points in Australia will levy an increase of US$250/TEU and US$500/FEU for both dry and refrigerated cargo in the base ocean freight. 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.
AADA is a voluntary discussion forum of 12 ocean carriers serving the trade from North and East Asia to destinations in Australia.

Source: SeaTradeAsia-Online