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New restoration program comes

New restoration program comes
AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from January 15, 2010.

AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from January 15, 2010.

In order to maintain a high standard of service to their customers, the participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from January 15, 2010 to all their customers in China, Hong Kong and Taiwan. From January 15, 2010 all outward shipments with origin in China, Hong Kong and Taiwan to ports and points in Australia will levy an increase of US$250/TEU and US$500/FEU for both dry and refrigerated cargo in the base ocean freight. 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.

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 Pte Ltd (ANL), China Shipping Container Line (HK), COSCO Container Line, Hamburg Sud (HSDG), Hanjin Shipping, Hyundai Merchant Marine, Kawasaki Kisen Kaisha ("K" Line), Maersk Line Ltd. (MSL), Mediterranean Shipping Co. (MSC), Mitsui O.S.K. Lines (MOL Line), Nippon Yusen Kaisha (NYK Line), Orient Overseas Container Line (OOCL), Gold Star Line (HK) (ZIM/GSL).

www.TurkishMaritime.com.tr

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