Sign up
Log in Sign up
Mon 23 Jun 2008, 08:15 GMT

Asian shipowner announces new BAF


Leading transportation and logistics firm to apply new BAF rates from next month.

Leading transportation and logistics firm Orient Overseas Container Line (OOCL) has announced that a new Bunker Adjustment Factor (BAF) will be applied on shipments between Australia and China, Hong Kong, Japan, Korea, Taiwan.

Following the completion of a regular review of its bunker costs, the Hong Kong-listed company has decided that new BAF levels will be applied next month on the shipping routes listed below to reflect the recent rise in the cost of marine fuel.

China, Hong Kong, Japan, Korea Northbound
$525/20' $1050/40' - Starting 4th July, 2008

Taiwan Northbound
$525/20' $1050/40 - Starting 19th July

China, Hong Kong, Japan, Korea Southbound
$525/20' $1050/40' - Starting 4th July, 2008

Taiwan Southbound
$525/20' $1050/40 - Starting 19th July

Orient Overseas Container Line (OOCL) is a wholly-owned subsidiary of Orient Overseas (International) Limited (OOIL). The company provides fully-integrated logistics and containerized transportation services through a network that encompasses Asia, Europe, North America and Australasia.

OOCL   Hong Kong 
Skipanes vessel. E-methanol-ready ro-ro vessel delivered to Smyril Line  

190-metre vessel is built for year-round North Atlantic operations and designed for future e-methanol conversion.
Belgium flag. Sunoil Biodiesel secures approval to supply biofuels in Belgium  

Dutch biofuel supplier expands its European footprint with Belgian market entry.
Tacoma Maersk naming ceremony. Maersk takes delivery of dual-fuel methanol-capable Tacoma Maersk in China  

9,000-TEU vessel is one of six mid-sized dual-fuel ships joining Maersk's fleet.
Asuka III vessel. NYK Cruises’ Asuka III cuts annual CO₂ emissions by 1,300 tonnes through LNG fuel use  

LNG-fuelled Asuka III avoided emissions equivalent to 530 households annually, says cruise firm.
Elandra K2 naming ceremony. Naming ceremony held for first VLCC in Hanwha Shipping's new fleet  

320,000-DWT alternative-fuel-ready Elandra K2 is first of three VLCCs built at Okpo Shipyard.
Fourth 5,900-TEU methanol dual-fuel container vessel. Tsuneishi China delivers fourth methanol dual-fuel 5,900-TEU boxship  

Zhoushan yard expands portfolio of alternative-fuelled vessels with handover of Maersk container ship.
Hong Kong skyline. IBIA to host marine fuels forum during Hong Kong Maritime Week  

Event to explore the practical and commercial realities surrounding a range of alternative fuels.
Andreas Enger, Höegh Autoliners. Höegh orders six LNG-fuelled Aurora-class vessels with future-fuel provisions  

9,100-CEU ships equipped with ammonia- and methanol-ready notation and designed to operate on LNG and low-sulphur fuel oil.
Puerto Rico flag. Puma Energy confirms bunkering operations in Puerto Rico  

The development has been known to regional industry players for several weeks.
Singapore waterfront skyline. Koch Minerals & Trading seeks bunker procurement intern in Singapore  

Successful applicant to work under the mentorship of KM&T’s senior bunker procurement coordinator.




   Fuels & Propulsion

Ammonia B100 B24 B30 Bio-LNG / LBM / LBG Biofuel Biogas Biomethanol CBM Dual-fuel E-fuel E-methane / e-NG E-methanol Electric Ethanol FAME Green hydrogen Green/e-ammonia HVO Hydrogen LNG LPG Lubes Methanol MGO Nuclear UCOME ULSFO VLSFO Wind



 Recommended