Oil price rise prompts AADA to hike bunker surcharges November 30

MEMBER container shipping lines of the Asia Australia Discussion Agreement (AADA) that serve the trade between China, Hong Kong and Australia will raise bunker fuel surcharges November 30 to reflect increases in world oil prices.

A statement issued on behalf of participating lines said the bunker surcharge for shipments from China and Hong Kong to ports in Australia will be raised to US$400 per TEU and US$800 per FEU for dry and refrigerated containers.

AADA members are: ANL Singapore, China Shipping Container Line (HK), Cosco Container Line, Hamburg Sud, Hanjin Shipping, HMM, "K" Line, Maersk Line, MSC, MOL Line, NYK Line, OOCL and Gold Star Line (HK) and ZIM.