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The Far Eastern Freight Conference (FEFC) has announced the last Bunker Adjustment Factor(BAF) before its operations are brought to an end later this year.

The following changes to the Bunker Adjustment Factor will come into effect in September 2008.

To/From Mediterranean and West Coast European Region:

The BAF applicable for 1st September 2008 to 17th October 2008 will be USD 766.00 per TEU/USD 38.30 W/M LCL.

To/From the UK, North West Continent, Scandinavia and Baltic Sea Region:

The BAF applicable for 1st September 2008 to 17th October 2008 will be USD 766.00 per TEU/USD 38.30 W/M LCL plus an additional USD 13.00 per TEU/USD 0.65 W/M Low Sulphur Fuel Surcharge.

This will be the final BAF notice as the FEFC has revealed that it will cease its operations on 17th October 2008.

There are currently 17 member lines of the FEFC. They are: ANL Container Lines Pty Ltd, CMA CGM SA, Egyptian International Shipping Co., Hyundai Merchant Marine Co. Ltd., Maersk Line, Mitsui O.S.K. Lines Ltd, Nippon Yusen Kaisha (NYK), Safmarine, Zim Integrated Shipping Services Ltd., APL Co Pte Ltd., CSAV Norasia Liner Services, Hapag-Lloyd AG., Kawasaki Kisen Kaisha Ltd., MISC BERHAD, MSC - Mediterranean Shipping Co. SA, Orient Overseas Container Line and Yangming Marine Transport Corporation.