Sign up
Log in Sign up
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

Atticus vessel. Global Fuel Supply acquires first bunker tanker  

Company transitions from chartering vessels to ship ownership with asset to be renamed MV Blue Alliance.
ABB Generations 2025 publication on smartphone. ABB publishes 2025 maritime insights on decarbonisation and digitalization  

Technology firm compiles annual articles exploring energy efficiency, automation, and alternative fuels for the shipping industry.
ClassNK AiP handover ceremony for bulk carrier design. ClassNK grants approval for multi-fuel ready bulk carrier design by Oshima Shipbuilding  

Vessel design accommodates future conversion to ammonia, methanol, or LNG with carbon capture capability.
The Arctic and black carbon graphic. Four countries propose Arctic fuel measure to cut black carbon from shipping  

Proposal to IMO's PPR 13 meeting aims to establish fuel regulations under MARPOL Annex VI.
T&E chart 1. Spain, Norway and Denmark lead Europe's green shipping fuel production, study finds  

Regulatory uncertainty prevents most e-fuel projects from progressing beyond the planning stage, says analysis.
Charles Simon Edwin, Dan-Bunkering. Dan-Bunkering appoints Charles Simon Edwin as operations and compliance manager in Singapore  

Edwin transitions from sourcing role, bringing experience from physical supply operations and bunker trading.
Hamburg Express vessel. Hapag-Lloyd wins ZEMBA's second tender for e-methanol deployment  

Container line to deploy e-methanol on trans-oceanic route from 2027, abating 120,000 tonnes CO₂e.
Nuclear-powered multi-role icebreaker design render. RINA grants approval for Chinese nuclear-powered Arctic icebreaker design  

CSSC's multi-role vessel combines cargo transport and polar tourism with molten salt reactor propulsion.
Glander International Bunkering logo. Glander International Bunkering seeks two bunker traders for Singapore office  

Firm recruiting traders with 3-5 years of experience to join team in key Asian hub.
Hiring concept with puzzle pieces. Malik Supply seeks bunker trader for Fredericia office  

Danish company advertises role focusing on client portfolio development and energy product trading.




 Recommended