Hapag-Lloyd BAF down $100 in two months

Mon 28 Sep 2015, 10:33 GMT

Hapag-Lloyd BAF down $100 in two months

North East Asia to Australia surcharge is revised downwards again by Europe's fourth-largest container shipping line.

Europe's fourth-largest container shipping line, Hapag-Lloyd AG, has announced that from October 24, 2015, it will revise the bunker adjustment factor (BAF) applicable for all containerized shipments from North East Asia to Australia.

The revised BAF will be USD 200 per twenty-foot equivalent unit (TEU).

North East Asia comprises Japan, Korea, China, Hong Kong and Taiwan.

Earlier this month, on September 3, the Hamburg-headquartered transportation company announced that it had revised its BAF for all containerised shipments from North East Asia to Australia to USD 225 per TEU (effective from October 3).

Last month, on August 14, the surcharge had been revised to USD 275 per TEU (effective from September 12), having been previously set at USD 300 per TEU on July 27 (effective from August 24).

Thus, the latest adjustment represents a reduction of USD 75 per TEU in the space of six weeks and USD 100 per TEU in the last two months.

Container ship Hapag-Lloyd Australia China Hong Kong Japan Republic of Korea Taiwan


		Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.

		Peninsula begins physical bunker supply operations in Mauritania Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.

		PuriFire Energy signs biomethanol supply deal with X-Press Feeders Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.

		FLEX Commodities opens Seoul office with new Korea leadership team Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.

		O Bunkering appoints Sulaiman Alhadhrami as chief executive officer Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.

		Zhoushan expands shore power infrastructure as part of emissions reduction drive Chinese port city reports 30% increase in shore power usage across terminals and berths.

		Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.

		Berg Propulsion to supply electric propulsion systems for India’s green tugs Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.

		World Fuel seeks marine fuel supply executive in Singapore Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.

		OOCL names first methanol dual-fuel vessel Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.