BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Hapag-Lloyd BAF down almost 60% since July

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





Updated on 04 Feb 2016 11:33 GMT

Europe's fourth-largest container shipping line, Hapag-Lloyd AG, has announced that from March 5 it will lower the bunker adjustment factor (BAF) applicable for all containerised shipments from North East Asia to Australia.

The revised BAF will be USD 125 per twenty-foot equivalent unit (TEU).

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

50 percent reduction since July

On January 13, the Hamburg-headquartered transportation company announced that it had lowered its BAF for all containerised shipments from North East Asia to Australia to USD 150 per TEU (effective from February 13).

The surcharge had been revised on December 28 to USD 175 per TEU (effective from January 24), down from the USD 200-per-TEU surcharge announced on September 25 (effective from October 24).

Prior to this, on September 3, the BAF was lowered to USD 225-per-TEU (effective from October 3), having been previously set at USD 275 per TEU on August 14 (effective from September 12), and USD 300 per TEU before that, on July 27 (effective from August 24).

Thus, the latest USD 25 adjustment represents a reduction of USD 175 per TEU, or 58.3 percent, in just over 7 months.






Related Links:

Hapag-Lloyd revises bunker charges
Hapag-Lloyd BAF down 50% since July
Hapag-Lloyd revises bunker charges for Asia and Oceania
Hapag-Lloyd lowers Trans-Pacific bunker surcharge
Hapag-Lloyd revises bunker charges
Australia
China
Hong Kong
Japan
South Korea
Taiwan

Latest News:

IBIA posts advice following spate of fuel quality issues
Oil and fuel oil hedging market update
Port infrastructure 'ill-prepared' for LNG bunker growth: Costa Cruises
Costa Cruises outlines fuel-related measures in Sustainability Report
VLCC with bunker-saving features delivered in China
Van Oord inks accord to test semi-dry scrubber system
Fenosa performs Valencia's first LNG bunker delivery
Pilot agreement signed for fuel-saving 'car wash for ships' in Rotterdam
Oil and fuel oil hedging market update
Bunker boost for Australia as Carnival confirms record cruise sailings
Saudi/Russia back exit from oil production deal, Libya supply disruptions
Ecoslops' La Mede plant could produce three times less GHG emissions: study




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events