Hapag-Lloyd amends fuel surcharge update cycle

Thu 20 Aug 2015, 09:50 GMT

Hapag-Lloyd amends fuel surcharge update cycle

Container carrier says the change will come into effect from October 1.

Europe's fourth-largest container shipping line, Hapag-Lloyd AG, has announced that from October 1, 2015, it will change the bunker charge (BUC) and low-sulphur fuel charge (LSF) update cycle from monthly to quarterly for all applicable trades.

"Based on latest bunker price development we feel comfortable that this change will provide advantages for all stakeholders. We reserve the right to change the update cycle again in case of future strong bunker price fluctuations," the company said in a statement.

Last week, the company revised its bunker adjustment factor (BAF) applicable for all containerised shipments from North East Asia (which comprises Japan, Korea, China, Hong Kong and Taiwan) to Australia to USD 275 per twenty-foot equivalent unit (TEU). The change is due to come into effect from September 12, 2015.

Container ship Hapag-Lloyd Germany


		Heinrich Wegener & Sohn joins Global Ethanol Association German family-owned bunker firm joins industry body to support ethanol and methanol adoption.

		Second MSC ultra-large LNG dual-fuel boxship enters dry dock at Zhoushan Changhong International's Daishan Base receives 19,000-teu container vessel built for MSC.

		Deal signed to build four LNG-fuelled gas carriers Quartet of 175,000-cbm LNG vessels destined for Shell charter.

		Changhong International launches LNG container ships and tankers for MSC and Navios Chinese shipbuilder launches four vessels in the space of days, spanning LNG container ships and oil tankers.

		Norsepower and Cosco unit sign R&D agreement to advance rotor sail development Finnish wind propulsion firm and Chinese manufacturer deepen ties with dedicated research and development pact.

		H2SITE closes Series B round above €42m to scale hydrogen membrane technology Fresh capital secured as firm targets large-scale industrial deployment and expansion into Asian markets.

		MHI study points to cost reduction potential in India-to-Singapore green ammonia value chain Mitsubishi Heavy Industries analysis finds value chain optimisation could cut green ammonia costs.

		Yang Ming names third LNG dual-fuel boxship for Asia–North Europe service YM Wayfinder joins two sister vessels already operating on LNG on the FE3 route.

		Flex Commodities appoints Milind Homkar as trade controller Dubai-based trader brings in finance and audit specialist to lead trade control function.

		Safe Bulkers launches first methanol dual-fuel bulk carrier at Chinese shipyard Greek dry bulk operator launches first methanol-powered vessel as part of its fleet renewal programme.