Mon 4 Jul 2016, 13:27 GMT

Hapag-Lloyd BAF up 75% since March


Bunker adjustment factor (BAF) up a third time since March 2nd.



Hapag-Lloyd has announced that the bunker adjustment factor (BAF) for routes going from North East Asia to Australia will increase by 17% to USD 175 from USD 150 per TEU.

This adjustment is due to come into effect on July 9th 2016 and remain until otherwise announced by the company.

The North East Asia area includes China, Korea, China, Hong Kong, and Taiwan.

2015-16 summary

Between June 18th 2015 and March 2nd 2016 the BAF for the aforementioned routes was showing only decreases, going from USD 325 down to USD 100 per TEU.

Since March 2nd 2016, the trend has changed to show a steady increase in surcharges, with three USD 25 increases between March 2nd and June 30th - a jump of 75%.

Please find a summary below.

Surcharge changes since January 2015

January 14, 2015 (effective February 14) - USD 300 per TEU

February 6, 2015 (effective March 7) - USD 250 per TEU

March 12, 2015 (effective April 11) - USD 275 per TEU

May 28, 2015 (effective June 27) - USD 300 per TEU

June 18, 2015 (effective July 18) - USD 325 per TEU

July 27, 2015 (effective from August 24) - USD 300 per TEU

August 14, 2015 (effective from September 12) - USD 275 per TEU

September 3, 2015 (effective from October 3) - USD 225 per TEU

September 25, 2015 (effective from October 24) - USD 200 per TEU

December 28, 2015 (effective from January 24) - USD 175 per TEU

January 13, 2016 (effective from February 13) - USD 150 per TEU

February 4, 2016 (effective from March 5) - USD 125 per TEU

March 2, 2016 (effective from April 2) - USD 100 per TEU

March 30, 2016 (effective from April 30) - USD 125 per TEU

May 17, 2016 (effective from June 18) - USD 150 per TEU

June 30, 2016 (effective from July 9) - USD 175 per TEU


United LNG I bunker vessel alongside Blue Aspire vessel. Titan charters 8,000-cbm LNG bunker vessel for ZARA region operations  

United LNG I to deliver LNG and bio-LNG across Amsterdam, Rotterdam, Antwerp and Zeebrugge ports.

Flag of Mauritania. Peninsula begins physical bunker supply operations in Mauritania  

Marine fuel supplier operating two barges following licence award from the Mauritanian National Hydrocarbons Commission.

X-Press Cassiopeia vessel. PuriFire Energy signs biomethanol supply deal with X-Press Feeders  

Letter of intent covers up to 15,000 tonnes annually for feeder carrier’s fleet.

Alan Yang and Yujin Kang, Flex Commodities. FLEX Commodities opens Seoul office with new Korea leadership team  

Dubai-based trader establishes South Korea presence with appointments of Alan Yang and Yujin Kang.

Eng. Sulaiman Ali Al Hadhrami, O Bunkering. O Bunkering appoints Sulaiman Alhadhrami as chief executive officer  

Omani bunker supplier names new CEO to lead growth and expansion in the maritime sector.

Shore power system. Zhoushan expands shore power infrastructure as part of emissions reduction drive  

Chinese port city reports 30% increase in shore power usage across terminals and berths.

Hamburg Express vessel. Hapag-Lloyd and Kuehne+Nagel partner on biofuel initiative for Asia-Europe trade  

Agreement covers 3,300-teu using waste-based biofuels, targeting a 2,979-tonne CO₂e reduction in 2026.

Rendering of a tug vessel. Berg Propulsion to supply electric propulsion systems for India’s green tugs  

Swedish firm to provide thrusters and electrical integration for two 60-tonne bollard pull battery-electric vessels.

Singapore skyline with Merlion and central business district. World Fuel seeks marine fuel supply executive in Singapore  

Role to manage supplier relationships and source marine fuel across South-East Asia and Australia-New Zealand.

OOCL Wisdom naming ceremony. OOCL names first methanol dual-fuel vessel  

Orient Overseas Container Line christens OOCL Wisdom, dubbed the world’s largest methanol dual-fuel container vessel.