Member lines of the Asia Australia Discussion Agreement (AADA) will levy a rate increase of $ 300 per TEU and $ 600 per FEU for both dry and refrigerated cargo from Hong Kong and the mainland to Australia from March 15.

An AADA statement stressed that in order to maintain a high standard of service to customers, the 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.

AADA is a voluntary discussion forum of 13 ocean carriers serving the trade from North and East Asia to destinations in Australia. Members include ANL Singapore, China Shipping Container Line (HK), Cosco, Hamburg Süd, Hanjin, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, MSC, MOL Line, NYK and OOCL.