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Mon 28 Sep 2015, 10:33 GMT

Hapag-Lloyd BAF down $100 in two months


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 October 24, 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 200 per twenty-foot equivalent unit (TEU).

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

Earlier this month, on September 3, the Hamburg-headquartered transportation company announced that it had revised its BAF for all containerised shipments from North East Asia to Australia to USD 225 per TEU (effective from October 3).

Last month, on August 14, the surcharge had been revised 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 adjustment represents a reduction of USD 75 per TEU in the space of six weeks and USD 100 per TEU in the last two months.

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