Monday, December 21, 2009

Asia Australia Group Raise Shipping Container Rates Again

Thirteen Members said to Agree to Hike
Shipping News Feature

AUSTRALIA – ASIA – Reports are in today that the Asia Australia Discussion Agreement (AADA) met to set new rate increases for freight services emanating in China (including Hong Kong) and Taiwan. The levy of US250 per TEU and $500 per FEU is said to be coming into force from the 15th January 2010. The hike will apply to both dry (ambient) and refrigerated cargo.

The organisation is a “discussion group” consisting of the major lines operating between the Asian ports and Australia, and the increase, one of several announced this year, will remain subject to all existing surcharges at the time it is implemented. The lines involved have reported the increase in different ways. No personnel were available to comment at the time of going to press and there are no confirming reports of any formal agreement between the companies on any of the groups individual websites. OOCL however confirm the TEU charge and COSCO mention a press release regarding the increase but the weblink is currently unavailable.

The AADA consists of market leaders ANL, China Shipping, COSCO, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, K Line, Maersk, Mediterranean Shipping Co., Mitsui O.S.K. Lines, NYK Line, OOCL and Gold Star Line. Shippers should check with individual companies to confirm rates as and when required.