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Wed 9 Sep 2015, 09:39 GMT

Hapag-Lloyd lowers bunker surcharge


Container carrier's new surcharge will be effective from October 3.

Europe's fourth-largest container shipping line, Hapag-Lloyd AG, has announced that from October 3, 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 225 per twenty-foot equivalent unit (TEU).

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

Last month, the Hamburg-headquartered transportation company announced that it had revised its BAF for all containerised shipments from North East Asia to Australia to USD 275 per TEU. Thus, the latest adjustment is a reduction of USD 50 per TEU.

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