Sign up
Log in Sign up
Wed 20 Aug 2008, 09:56 GMT

Hyundai launches new BAF finder


BAF calculator is based on shipping firm's new BAF formula.

Integrated logistics company Hyundai Merchant Marine Co. Ltd.(HMM) has announced the launch of a new Bunker Adjustment Factor (BAF) calculator, which will be based on its new BAF formula to be implemented from the start of October.

On 18th October 2008, Liner Conferences to and from the European Union's 27 member States will be abolished in accordance with EC Law, after which former liner conference surcharges will be replaced by each carrier's own independently calculated surcharge tariff, including the BAF.

In preparation for these changes, Hyundai Merchant Marine has launched an online BAF calculator and revealed that it will be implementing its own BAF formula from 1st October 2008 onwards.

The BAF calculation will be based on the following facors:

*The average bunker consumption per container vessel on a round trip basis for the Asia-Europe trade and the Trans-Atlantic trade.

*The average bunker price per ton over a given month for Asia-Europe trade and Trans-Atlantic trade. Both will be reviewed and announced monthly.

Hyundai says the average bunker price per ton will be applied to the BAF two months later.

In the two months leading up to the abolition of liner conferences, customers can simulate their BAF calculation using the company's BAF Finder at the following address:

www.hmm21.com/hmm/ebiz/BAF/index.jsp

Hundai says the online calculator "aims to provide an illustration of our transparent calculation mechanism".


Container ship   Launch   Republic of Korea 
Core Power, Athlos Energy, Deon Policy Institute and ABS logos. Greece floating nuclear study finds no fundamental barriers to implementation  

A PESTLE assessment of floating nuclear power plants in Greece identifies framework gaps, not feasibility barriers.
Northern Pathliner alongside Bergen LNG vessel. Molgas completes LNG cool-down and bunkering for Northern Pathliner at Northern Lights terminal in Norway  

Operation carried out at Øygarden facility, with K Line and Integr8 Fuels in the supply chain.
Rendering of a G2 Ocean OHGC vessel. G2 Ocean expands fleet with six future-fuel ready gantry crane vessels  

Open hatch specialist adds vessels and jet sail technology as part of a broad fleet renewal programme.
CMA CGM Adventure vessel at Port of Mombasa. LNG-powered CMA CGM Adventure makes first call at the Port of Mombasa  

Kenya Ports Authority receives its first large LNG-fuelled container vessel.
Liam Blackmore, Lloyd's Register. Maritime trio shapes IMO safety guidelines for ammonia as marine fuel  

Real-world operational experience feeds directly into new IMO ammonia fuel safety framework.
Repsol industrial complex in Puertollano. Repsol starts large-scale renewable fuel production at second Iberian plant  

Spanish energy company's Puertollano facility adds 200,000 tonnes per year of renewable diesel capacity.
SD Aisemaht vessel. World's first dual-fuel methanol escort tug receives full class certification  

ABS grants certification to SD Aisemaht, built by Sanmar Shipyards for Canada's Trans Mountain Expansion Project.
CMB.Tech and TFG Marine signing. CMB.Tech raises TFG Marine stake to 15% and consolidates bunker procurement through joint venture  

CMB.Tech increases its equity stake in TFG Marine and commits its entire fleet’s bunker requirements to the joint venture.
XFuel demo plant in Mallorca, Spain. XFuel secures EUR 4.1m Catalonia grant for waste-derived marine fuel plant  

Spanish start-up wins funding to build a modular facility converting waste oils into low-carbon marine gas oil.
Liquefied biogas facility at Port of Gothenburg render. Construction begins on liquefied biogas facility at Port of Gothenburg  

Nordion Energi's new plant aims to open up Swedish biogas supply to shipping and other sectors beyond the gas grid.




   Fuels & Propulsion

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



 Recommended