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Mon 23 Jun 2008, 08:15 GMT

Asian shipowner announces new BAF


Leading transportation and logistics firm to apply new BAF rates from next month.

Leading transportation and logistics firm Orient Overseas Container Line (OOCL) has announced that a new Bunker Adjustment Factor (BAF) will be applied on shipments between Australia and China, Hong Kong, Japan, Korea, Taiwan.

Following the completion of a regular review of its bunker costs, the Hong Kong-listed company has decided that new BAF levels will be applied next month on the shipping routes listed below to reflect the recent rise in the cost of marine fuel.

China, Hong Kong, Japan, Korea Northbound
$525/20' $1050/40' - Starting 4th July, 2008

Taiwan Northbound
$525/20' $1050/40 - Starting 19th July

China, Hong Kong, Japan, Korea Southbound
$525/20' $1050/40' - Starting 4th July, 2008

Taiwan Southbound
$525/20' $1050/40 - Starting 19th July

Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Orient Overseas (International) Limited (OOIL). The company provides fully-integrated logistics and containerized transportation services through a network that encompasses Asia, Europe, North America and Australasia.

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