Asia-Australia Lines Hike Surcharges

Carriers in the Asia-Australia Discussion Agreement announced plans to raise their bunker surcharges for cargo moving from China and Hong Kong to Australia.

Effective May 15, the surcharges will be $225 per TEU and $450 per FEU for dry and refrigerated containers, the member lines said in a notice to the trade.

The 13-member group said the decision follows a recent hike in the price of fuel in Hong Kong and South Korea.

The AADA consists of ANL Singapore, China Shipping Container Lines, Cosco, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, "K" Line, Mediterranean Shipping Co., MOL, NYK Line, Orient Overseas Container Line, Gold Star Line (Hong Kong) and Zim Integrated Shipping Services.