North & East Asia shipping lines settle on rate rise – effective September


To all our valued customers

Please find an important media release as of today 30th August 2013

Members of the Asia Australia Discussion Agreement (AADA) have finalised a rate strategy for the near future while talks continue about a formal reduction in capacity. A strategic decision will impact on Asian and Australian operations and effect all inbound orders.

The AADA has taken a strategic decision to forego the annual southbound peak season surcharge – for the first time in recent memory – in favour of an additional US$500 per 20, $1000 per 40 ‘rate recovery’ mid September.

This will cover all shipments from North & East Asia shipments from China, Hong Kong, Korea and Taiwan to Australian east and west coast ports.

“Demand is starting to pick up … we are reasonably positive … and the situation will be helped by some blanked sailings during the [early October] Golden Week period.”

The void sailings are expected on southern loop services but are not AADA coordinated and decisions will be taken by individual carriers/consortia.

However, formal trade-wide capacity cuts are expected to begin as early as mid-November (week 47).

Some AADA carriers have already advised of the US$500 GRI and notifications will continue over the next few days.

This entry was posted in Public News on by Aaron Poole.

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