SHIPPING lines participating in the Asia Australia Discussion Agreement have announced a move to hike bunker surcharges on the Japan, Korea, China, Hong Kong and Taiwan to Australia trade.

    "Reflecting recent increase in the price of oil at Hong Kong and South Korea, the member lines of AADA wish to advise that in accordance with the established review, the bunker surcharge level for such shipments will be raise to US$625 per TEU and $1,250 per FEU for dry and refrigerated containers with effect from December 24, 2011," said the AADA statement.

    AADA members include ANL, CSLC, Cosco, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, MSC, MOL, NYK, and OOCL.
 

source:www.schednet.com