News
The Intra-Asia Discussion Agreement (IADA) has recommended its members to implement a rate restoration of $50 per TEU and $100 per FEU for cargo from the Far East to Southeast Asia with effect from April 15, 2014.
The recommendation is posed to individual IADA members, on a voluntary, non-binding basis. Any IADA members are free to voluntarily follow the recommendation on an individual basis or take independent actions not only in terms of quantum but also effective dates through individual negotiations between customers and members.
