Container giant Maersk is set to increase its bunker adjustment factor (BAF) and environmental fuel fee (EFF) by $50-200 per forty-foot equivalent unit because of a rise in prices for very low sulfur fuel oil (VLSFO). The Danish container carrier said it expects its extra fuel costs could exceed $2 billion. Until further notice, but not beyond 30-04-2020 The above rates are inclusive of Basic Freight Rate (BAS), Bunker Adjustment Factor (SBF), Bunker Adjustment Factor (BAF). Maersk will adjust its Bunker Adjustment Factor (BAF) based on the price of low sulfur fuels from Jan. 1 for long-term contracts of more than three months. The BAF surcharge will be charged separately from the freight rate. "Maersk preparations to comply are well underway and so are our customers' efforts to plan ahead. It was said that Maersk uses Bunker world’s fuel price index 0.5 percent Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. In light of the approaching 2020 sulphur cap, which sees vessels using fuel containing up to 0.5% sulphur, Maersk’s Jacob A. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. To become compliant shipowners will have to invest in compliant fuels, LNG or scrubber technology. Maersk preparations to comply are well underway and so are our customers’ efforts to plan ahead,’ said Vincent Clerc, Chief Commercial Officer, A.P. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). Bunker Adjustment Factor (BAF) reviewed and the new tariffs will be effective January 1st 2021. EXAMPLES only of BAF tariffs (USD/FFE) for standard (dry) containers at different fuel prices (USD/ton), for selected trades: Maersk to change fuel adjustment surcharge ahead of the 2020 sulphur cap, Panama-flagged cargo ship capsizes off Vietnam, 15 sailors missing, Saudi ports record 13.7% hike in containers, Eagle Bulk Shipping acquires modern Ultramax, Great Lakes Towing Christens New Tug Pair, Port of Corpus Christi finalizes lease, pipeline deals with Bluewater Texas crude export project, Shearwater signs $437 million refinancing of main debt facilities. It remains unknown whether other liner companies have raised or plan to raise their BAF surcharges. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 313.31 USD/TON. To allow customers to familiarise with the changed formula, Maersk Line’s BAF surcharge will be introduced on 1 January 2019. Subscribe to Maritime Reporter Email News. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulfur cap which enters into force on January 1, 2020. You don’t need to build a vessel around a seal. Combining the two factors give customers full predictability of their costs at any given fuel price both before and after 2020. Moller - Maersk A/S. Splash September 21, 2018. Sept. 17, 2018 (Press Release) - The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Accordingly, Maersk will apply the additional monthly trigger defined in its BAF and EFF formulas and the new tariffs will be effective 1 March 2020. Nor take apart an engine room to install an environmentally compliant one. From 1st January 2020, the BAF tariff will be calculated based on the fuel price for 0.1% sulphur gasoil with a fixed deduction of 50 USD/ton. Maersk Line has announced that, from January 2019, it will be implementing a new Bunker Adjustment Factor (BAF) in a move designed to help clients to predict, plan and track how changes in fuel price will impact shipping freight rates with the implementation of … Eric Haun is editor of Marine News. IMO 2020 BAF transparent indexing mechanism launched. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge Greg Knowler, Senior Europe Editor | Nov 01, 2019 1:37PM EDT. They will be a significant benefit to the environment and to human health”, says Vincent Clerc, Chief Commercial Officer, A.P. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%. He has covered the commercial maritime and... Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 percent sulphur cap set to enter into force on January 1, 2020. A partir del 1 de enero de 2020, la tarifa BAF se calculará en función del precio del combustible con 0,1% de azufre. The BAF replaces Maersk Line’s current Standard Bunker Adjustment Factor (SBF) surcharge and consists of two key elements; the fuel price which is calculated as the average fuel price in key bunkering ports around the world, and a trade factor that reflects the average fuel consumption on a given trade lane as a result of variables like transit time, fuel efficiency and trade imbalances between head haul and backhaul legs. It will be charged separately from Maersk Line’s freight rate. A new Bunker Adjustment factor (BAF) bill will give customers the opportunity to predict, plan and witness how the changes in fuel prices effects the frequency of shipments. Maersk is introducing the Peak Season Surcharge (PSS) for ALL Cargo from West Africa to North American Countries/Central America and Caribbean & West Coast of South America, effective 01st December 2019 for Non-Regulated corridors and 15th December 2019 for Regulated corridors. "BAF is not applicable to spot and short-term business. Bunker Adjustment Factor (BAF) August 28, 2020 Dear Customer, Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 October 2020. Whereas today ships can use fuel with a sulphur content of 3.5 percent, the new sulphur cap will be 0.5 percent, as the regulations come into force on January 1, 2020. Mr Lindegaard also said Maersk was seeking to secure similar bunkering facilities elsewhere. Good forward planning from Maersk as the first carrier to begin to shed light on their plans for BAF beyond the low-Sulphur "barrier" in 2020. The new BAF is a simple, fair and predictable mechanism that ensures clarity for our customers in planning their supply chains for this significant shift.". Carriers do not plan on carrying any of the costs of complying with the IMO 2020 low-sulfur fuel regulations, and will levy a surcharge on spot rates and shorter contracts. Maersk Baf 2020 Ek 2020, Abib 2020, Volusia 2020...Budget Guingamp 2020, Kamala 2020, Supra 2020 Drivetrain. Americas Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 July 2020. Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 … August 28, 2020 Dear Customer, Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 October 2020. The new ‘BAF’ surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Accordingly, Maersk will apply the additional monthly trigger defined in its BAF and EFF formulas and the new tariffs will be effective 1 March 2020. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is … The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. January 2020 the BAF tariff will be based in the fuel price for compliant low-sulphur fuel. The above rates are also subject to other applicable surcharges, including local charges and contingency charges. Maersk wants to change the fuel adjustment charge before the IMO sulphur 2020 regulations are set in motion. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under … Maersk Line sagte, es werde einen neuen Zuschlag für den Bunkerzuschlag (Bunker Adjustment Factor, BAF) einführen, um die Einhaltung der globalen Schwefelkappe von 0,5 Prozent zu erreichen, die am 1. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective January 1st 2021.. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 323.87 USD/TON.The details on the period and reference ports used for the calculation can be found in the … Maersk will adjust its bunker adjustment factors (BAF) based on the price of low-sulfur fuels from Jan. 1 for long-term contracts of more than three months. From 1st January 2020, the BAF tariff will be calculated based on the fuel price for 0.1% sulphur gasoil with a fixed deduction of 50 USD/ton. Maersk preparations to comply are well underway and so are our customers’ efforts to plan ahead. Good forward planning from Maersk as the first carrier to begin to shed light on their plans for BAF beyond the low-Sulphur "barrier" in 2020. It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020. Maersk Line is set hike its bunker adjustment factor (BAF) after prices of very low sulphur fuel oil (VLSFO) have soared with the introduction of the IMO 2020 global sulphur cap. Moller - Maersk A/S. English Edit: Daniel Logan Berg-Munch. The new BAF is a simple, fair and predictable mechanism that ensures clarity for our customers in planning their supply chains for this significant shift.”. The new ‘BAF’ surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Dis. Combining the two factors gives customers full predictability of their costs at any given fuel price both before and after 2020, according to Maersk Line. by Malcolm Latarche. Maersk declines to comment further on the update to customers, noting that the company is in a silent period ahead of Feb. 20, when it will publish its annual report for 2019. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 313.31 USD/TON. "Maersk will therefore introduce an Environmental Fuel Fee (EFF) for … "Maersk will apply the additional monthly trigger defined in our Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) formulas and the new tariffs will be effective 1 March 2020," writes Maersk. Bunker Adjustment Factor (BAF) reviewed and the new tariffs will be effective January 1st 2021 03 Dec 2020 Rate announcements PED for imports into Venezuela Equipment Positioning Service (PED) surcharge for imports into Venezuela (La Guaira and Puerto Cabello) effective Jan 1 2021. From 1st January 2020, the BAF tariff will be calculated based on the fuel price for 0.1% sulphur gasoil with a fixed deduction of 50 USD/ton. Thus, the company issues a new Environmental Fuel Fee and updates the existing Bunker Adjustment Factor, reports Maersk in their website. New Bunker Adjustment Factor (BAF) surcharge enables customers to predict, plan and track how changes in fuel price impact the shipping freight rate. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Shipowners' scrubber bet pays off in start of 2020. From 1 st January 2020, the BAF tariff will be calculated using the fuel price for compliant low-sulphur fuel minus the bunker price baseline and multiplied by trade factor. Tweet Follow @shipandbunker. Die so genannte IMO2020 Verordnung ist die erste einer Reihe von Maßnahmen der Internationalen Seeschifffahrtsorganisation (IMO) zur Verringerung der Meeresverschmutzung. "The 2020 sulphur cap is a game changer for the shipping industry,” said Vincent Clerc, chief commercial officer, A.P. Date Supplier Customer Details 43 more fields 2020-10-09 Baf Premiks Ve Tarim San. FreightWaves LIVE@HOME Fall 2020; Past events. More than 100 cargo ships were kept from loading agricultural goods in Argentina on Monday, as a wage strike by grains inspectors…, Following a string of bulk carrier vessel sales and a plan to order an offshore wind installation vessel, dry bulk carrier…, Norway’s Island Offshore broke free from the enforced conservatism of the E&P sector, adding not just a new ship to its fleet…, As the battered cruise industry looks to turn the clock on 2020 and return to business as 'normal' in 2021, in Finland today…. IMO 2020 Regulation Maersk Line will only charge for the “extra cost of compliance” as the carrier introduces new IMO 2020 low-sulfur fuels in the coming months. CMA CGM joins Maersk, Hapag-Lloyd in low-sulfur surcharge for short-term contracts JOC Maritime News Greg Knowler, Senior Europe Editor | Nov 05, 2019 10:26AM EST According to industry estimates, more than 90% of the global vessel fleet will be relying on compliant fuels when the sulphur rules step into force on 1 January 2020. Maersk to change Bunker Adjustment Factor for IMO 2020 sulfur regulation Maerks Line has announced a new surcharge for the bunker adjustment factor (BAF) which says it will allow customers to predict, plan and track how changes in fuel prices affect the shipping freight rate. BAF = Fuel Price x Trade Factor The fuel price to be used will be based on high sulphur fuel (IFO 380) in 2019 and will be switched to 0.5% LSFO from 1 January 2020. UK-based maritime and freight transport consultancy MDS Transmodal has launched a new BAF calculator tool it hopes will add some transparency to the upcoming hike in fright costs brought about by the new global 0.50% sulfur cap.. Based on expected differences in price between current 3.5% bunker fuel and compliant 0.5% fuel, external sources estimate the additional cost for the global container shipping industry to comply could be up to USD 15 billion. The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. Maersk Hikes BAF on Rising VLSFO Prices; Maersk Hikes BAF on Rising VLSFO Prices . The trade factor is calculated based on actual consumption per loaded container on the trade and the trade factor for Intra-Asia is 0.5. ‘The 2020 sulphur cap is a game changer for the shipping industry. © 1996-2020 Maritime Activity Reports, Inc. Sterling tweeted that the cost of compliance will increase. BAF & ECA: Q4 2020 (PDF, 263 KB) BAF: Exceptional update September 2020 (PDF, 253 KB) BAF & ECA: Q3 2020 (PDF, 263 KB) Read more Import. Maersk Line has maintained that it will mostly rely on low sulphur fuel to meet the 2020 requirements, although it has recently invested in a limited number of scrubbers. 03 December 2020 Americas Refrigerated Cargo Dry Cargo Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective January 1st 2021. Baffled by Maersk’s BAF. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge Greg Knowler, Senior Europe Editor | Nov 01, 2019 1:37PM EDT. October 15, 2019. in Fuels and lubricants. New Bunker Adjustment Factor (BAF) Dear Customer, From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. BAF. Sealand – A Maersk Company will be implementing a General Rate Increase for all DRY & REEFER cargo from East Coast South America to North Coast South America, Central America, Mexico, Puerto Rico, Caribbean, West Coast South America, United States and Canada effective October 5, 2020 in the following amount: US$ 300 per container Thursday January 23, 2020. Der aktuelle Standard sind Treibstoffe mit einer Schwefelobergrenze von 3,5 Prozent. Anti-pollution and environmental compliance are key concerns in today’s world. Maersk will adjust its bunker adjustment factors (BAF) based on the price of low-sulfur fuels from Jan. 1 for long-term contracts of more than three months.For spot business and shorter contracts of less than three months, it is introducing on Dec. 1 an environmental fuel fee (EFF), a mechanism designed to recover the extra costs of the more expensive IMO 2020-compliant fuel. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 323.87 USD/TON. However, from January 1 2020, the BAF tariff will be calculated based on the fuel price for 0.1% sulphur gasoil with a fixed deduction of 50 USD/ton. Carriers do not plan on carrying any of the costs of complying with the IMO 2020 low-sulfur fuel regulations, and will levy a surcharge on spot rates and shorter contracts. However, the significant fuel cost increases expected around 1 January 2020 equally apply to this segment of customers," the firm explained. New Environmental Fuel Fee (EFF) Effective from 1st December 2019, Maersk will introduce a Environmental Fuel Fee (EFF) on “We fully support the new rules. Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. Maersk Line announces new Bunker Adjustment Factor (BAF) From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. JOC Maritime News. The Maersk BAF tariff will be reviewed on a quarterly basis and will be adjusted only when fuel prices change by more than $10/ton. This led to the creation of the Wärtsilä Airguard... Why purchase new liners when you do not have to? Introduction of the IMO 2020 and its Impact on the BAF. AP Moller – Maersk (Maersk Line) is set to introduce a new Bunker Adjustment Factor (BAF) surcharge to recover parts of its costs to be incurred from fuel-related expenditures while complying with the International Maritime Organisation’s (IMO) 2020 0.5% sulphur cap. ”We fully support the new regulations, they will be a major benefit to the environment and peoples health. The company said it expects to spend more than $2 billion to meet the sulphur cap requirements, and added that the cost for the global container shipping industry to comply could be up to $15 billion. Maersk has revealed a new surcharge to be implemented in 2019 that will help in meet new standards for the 2020 sulpher cap. World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. Maersk Line expects its extra fuel costs could exceed USD 2 billion. Share on LinkedIn Share on Twitter. 1 4 2 minutes read. The BAF surcharge is designed to recover increases in fuel-related costs. Tic. Moller – Maersk said it will use a new Bunker Adjustment Factor (BAF) surcharge in order to recover Maersk Line’s cost of compliance with the IMO 2020 sulphur cap. It will be charged separately from Maersk Line’s freight rate. Accordingly, Maersk will apply the additional monthly trigger defined in its BAF and EFF formulas and the new tariffs will be effective 1 March 2020. This is expected to lower global shipping’s sulphur emissions, a known source for respiratory disease and acid rain, by more than 80%. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). According to industry estimates, more than 90% of the global vessel fleet will be relying on compliant fuels when the sulphur rules step into force on 1 January 2020. Januar 2020 dürfen Schiffe nur noch Treibstoffe mit einem Schwefelgehalt von maximal 0,5 Prozent verwenden. AP Moller – Maersk (Maersk Line) is set to introduce a new Bunker Adjustment Factor (BAF) surcharge to recover parts of its costs to be incurred from fuel-related expenditures while complying with the International Maritime Organisation’s (IMO) 2020 0.5% sulphur cap. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge. With the coming of the IMO 2020, a new regulation has come into force from January 1, 2020. In order to offset its predicted US$2Bn in 2020 compliance-related fuel costs, Maersk is adding a Bunker Adjustment Factor (BAF) surcharge onto its clients bills from 1 January 2019. Maersk Adjusts Fuel Surcharge Ahead of 2020 Sulfur Cap By The Maritime Executive 09-17-2018 04:39:32 Maerks Line has announced a new bunker adjustment factor (BAF) surcharge it says will enable customers to predict, plan and track how changes in fuel price impact the shipping freight rate. The regulation will bring increases and uncertainty to fuel costs for shipping. Moller - Maersk A/S. New Environmental Fuel Fee (EFF) Effective from 1st December 2019, Maersk will introduce an Environmental Fuel Fee (EFF) on all trades, which will apply to all spot business and contracts with validity up to 3 months. 3PL Summit; FreightWaves LIVE @Home; FreightWaves LIVE Chicago; The Forum at FreightWaves LIVE; BiTA Symposium Chicago; Transparency18 (Spring 2018) MarketWaves18 (Fall 2018) Transparency19 (Spring 2019) BiTA Symposium (Spring 2019) Products. The BAF surcharge is designed to recover increases in fuel-related costs. Maersk adds that in 2019 they calculated the BAF using the fuel price for high-sulphur fuel (3.5% sulphur). The BAF surcharge is designed to recover increases in fuel-related costs. Maersk Line announces new Bunker Adjustment Factor (BAF) From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%. It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020. Keeping up with the European Green Deal (EGD) and MARPOL convention, it aims to reduce the pollution levels globally by … Maersk has revealed a new surcharge to be implemented in 2019 that will help in meet new standards for the 2020 sulpher cap. Please … Januar 2020 in Kraft tritt. According to industry estimates, more than 90% of the global vessel fleet will be relying on compliant fuels when the sulphur rules step into force on 1 January 2020. The new BAF will replace the existing Standard Bunker Factor (SBF) and allow customers to simulate and calculate the BAF tariff at any fuel price for a given trade route. It will be charged separately from Maersk Line’s freight rate. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). “The 2020 sulphur cap is a game changer for the shipping industry. The above surcharge acronyms mean: OF (Ocean Freight), OHC (Origin Terminal Handling Charge), DHC (Destination Terminal Handling Charge), ERS (Emergency Risk Surcharge), BAF (Bunker Adjustment Factor), LSS (Low Sulphur Surcharge) and PSS (Peak Season … Maerks Line has announced a new bunker adjustment factor (BAF) surcharge it says will enable customers to predict, plan and track how changes in fuel price impact the shipping freight rate. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. 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Said Vincent Clerc, Chief Commercial Officer, A.P costs could exceed USD 2 billion significant benefit the! Factor for Intra-Asia is 0.5 reports Maersk in their website 2020 regulations are set in motion this led the! Install an environmentally compliant one number of scrubbers, Senior Europe Editor | Nov 01, 2019 1:37PM.! Wants to change the fuel price both before and after 2020 from Maersk Line ’ s freight rate 2020. Cap will be charged separately from Maersk Line ’ s BAF surcharge will be charged separately from the freight.. Above rates are also subject to other applicable surcharges, including local charges and charges. Environmentally compliant one a major benefit to the creation of the IMO sulphur 2020 regulations are set motion...