Member lines of the Asia New Zealand Discussion Agreement (ANZDA) have announced they have reached an agreement on rate restoration and peak season surcharges for this year.

A rate restoration of US$250 per TEU and US$500 per FEU will come into play on 15 July followed by a further restoration of the same amounts one month later, Taiwan News reported.

A peak season surcharge of US$250 per TEU and US$500 per FEU will then be introduced on 15 September.

The charges, applying to all shipments from Japan, Korea, China, Taiwan, Hong Kong, Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam to New Zealand, will be collected on top of market rates at the time of sailing.

China Navigation Company (CNCO), COSCO, Hamburg Süd, Maersk Line, MISC Berhad, Mitsui OSK Lines (MOL Line), Nippon Yusen Kaisha (NYK Line), Orient Overseas Container Line (OOCL), and Pacific International Lines (PIL) make up ANZDA, an alliance of nine container lines servicing Asia and New Zealand.

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