Sign up
Log in Sign up
Mon 4 Jul 2016 13:27

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

Sonan Energy Panama logo with white background. Sonan Energy Panama unveils new logo as part of sustainable energy transition  

Bunker firm introduces redesigned brand identity reflecting shift towards cleaner energy solutions.
Niclas Mårtensson, CEO of Stena Line. Stena Line to acquire Wasaline ferry operations in Baltic Sea expansion  

Swedish ferry operator signs deal to take over Umeå–Vaasa route with bio-LNG-powered vessel.
Arriva Shipping vessel Norbris. Berg Propulsion secures second Arriva retrofit after 10% fuel savings confirmed  

Norwegian shipowner orders second propulsion upgrade following verified efficiency gains on general cargo vessel Norjarl.
Dorthe Bendtsen and Anders Grønborg. Bunker Holding to absorb Baseblue into KPI OceanConnect by April 2026  

Integration follows earlier Hong Kong merger and aims to streamline operations and strengthen regional teams.
Chimbusco Pan Nation (CPN) new logo. CPN unveils new brand identity after 34 years in marine fuel supply  

Hong Kong bunker supplier launches rebrand centered on 'continuous evolution' and sustainable fuel solutions.
Aicha Azad, Flex Commodities. Flex Commodities hires Aicha Azad as trader in Dubai  

Bunker firm appoints multilingual trader with bunker trading and cargo operations experience.
Desk calendar with the word “TAX”. 'Excess' fossil fuel profits should be taxed and given back to citizens, says T&E  

Campaign group calls for sustained taxes on excess profits or end to subsidies that keep demand high.
NYK Line’s Padma Leader vessel. Imabari Shipbuilding delivers LNG-fuelled car carrier to NYK Line  

Padma Leader expected to achieve up to 30% CO2 reduction through dual-fuel propulsion and exhaust gas recirculation.
Tallink’s MyStar vessel. Tallink targets full bio-LNG transition for Baltic shuttle vessels within a year  

Estonian ferry operator aims to replace all fossil LNG with renewable fuel on the Helsinki-Tallinn route.
Grimaldi's Grande Melbourne vessel. Grimaldi takes delivery of third ammonia-ready car carrier from Chinese shipyard  

Grande Melbourne is the third of seven vessels ordered from Shanghai Waigaoqiao Shipbuilding for Asia-Europe service.




 Recommended