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

04 Feb 2016 11:33 GMT

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 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

Latest News:

Debmarine Namibia inks MoU to build bunker-saving mining vessel
Understanding 'about' in bunker consumption clauses
Viking Line ferry will be first to use dual-fuel version of world's most efficient four-stroke diesel engine
Market still indecisive as OPEC meeting closes in
Oil and fuel oil hedging market update
First LNG shipment arrives at future Lapland bunkering hub
VPS expands oil condition monitoring capabilities
Quadrise issues activity update following 'media speculation'
Oil and fuel oil hedging market update
Oil slightly up, but markets in wait-and-see mode ahead of OPEC meeting
Ceremonies held for MSC Cruises ships with scrubbers
VLCC with '20%' bunker savings delivered to K Line




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
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