MEMBER shipping lines of the Asia Australia Discussion Agreement (AADA ) will levy a US$500/TEU and US$1,000/FEU rate increase on cargo from mainland China and Hong Kong to ports and points in Australia for both dry and refrigerated cargo from October 15.

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, said the AADA.

AADA members are ANL Singapore, APL, China Shipping, Cosco, Evergreen, Hamburg Sud, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, MSC, MOL Line, NYK, OOCL, PIL, Sinotrans, TS Lines and Yang Ming.