Sign up
Log in Sign up
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.

Castrol Logo. BP to sell 65% stake in Castrol to Stonepeak for $10bn enterprise value  

Deal brings BP's divestment programme to $11bn, with proceeds earmarked for debt reduction.
Clippership 24-metre class autonomous wind-powered vessel. RINA approves design for Clippership's 24-metre autonomous wind-powered cargo vessel  

Classification society to supervise construction of zero-emission ship featuring twin rigid wings for transatlantic operations.
CMA CGM Antigone vessel. Bureau Veritas classes first methanol dual-fuel boxship as CMA CGM takes delivery  

The 15,000-teu CMA CGM Antigone was built by CSSC Jiangnan Shipyard in China.
AiP award ceremony for floating nuclear plant design. Samsung Heavy Industries' floating nuclear plant design wins ABS approval  

Concept features twin KAERI small modular reactors and a compartmentalised layout to support offshore nuclear power generation.
Claire-Celine Bausager Jørgensen, Dan-Bunkering. Dan-Bunkering Europe appoints Claire-Celine Bausager Jørgensen as senior fuel supplier  

Jørgensen returns to bunker trading after several years in the company's HR department.
CMA CGM Tivoli vessel. DHL and CMA CGM partner on 8,990-tonne biofuel purchase for ocean freight decarbonisation  

Logistics and shipping firms to use UCOME biofuel, targeting 25,000-tonne CO2e reduction.
FincoEnergies Logo. Glencore to acquire majority stake in Dutch marine fuel supplier FincoEnergies  

Transaction expected to complete in Q2 2026, subject to EU anti-trust approval.
CMA CGM Eugenie naming ceremony. CMA CGM names 15,000-teu methanol-fuelled containership CMA CGM Eugenie  

Vessel to operate on Phoenician Express service linking Asia, Middle East, and Mediterranean.
Christian Larsen, Island Oil. Island Oil appoints Christian Larsen as senior trader in Denmark expansion  

Marine fuel supplier establishes operations in Denmark as part of expansion strategy.
HIF Global and Government of Uruguay MoU signing. HIF Global signs Uruguay agreement to advance US$5.3bn e-fuels facility in Paysandú  

Memorandum sets roadmap for final investment decision on plant targeting 880,000 tonnes annual production.




 Recommended