Asia Australia Discussion Agreement (AADA) has an nounced its member carriers will reduce the bunker surcharge to $625 per TEU and $1,250 per FEU for dry and refrigerated containers for services from Japan, Korea, China, Hong Kong and Taiwan to ports in Australia from July 7.
AADA said in a statement that this revised bunker surcharge reflects "the recent decrease in the price of oil at Hong Kong and South Korea."
AADA is a voluntary discussion forum of ocean carriers offering services from North and East Asia to destinations in Australia. Its members include ANL, CSCL, Cosco, Hamburg Süd, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine (HMM), "K" Line, MSC, MOL, NYK and OOCL.