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Mon 28 Dec 2015 12:08

Hapag-Lloyd BAF down $125 since July


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 January 24, 2016, it will revise the bunker adjustment factor (BAF) applicable for all containerised shipments from North East Asia to Australia.

The revised BAF will be USD 175 per twenty-foot equivalent unit (TEU).

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

On September 25, the Hamburg-headquartered transportation company announced that it had lowered its BAF for all containerised shipments from North East Asia to Australia to USD 200 per TEU (effective from October 24), down from the USD 225-per-TEU surcharge announced on September 3 (effective from October 3).

The surcharge had been revised on August 14 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 USD 25 adjustment represents a reduction of USD 125 per TEU, or 41.7 percent, in the last five months.

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