• 2018 October 17 10:42

    CMA CGM to introduce new BAF on Europe-Africa trade

    CMA CGM will introduce a new quarterly Bunker Adjustment Formula (BAF) for long term contracts starting from 1st of January 2019, the company said in its press release.

    This new quarterly BAF will be applied for all contracts with validity period above 3 months starting as from January 1st, 2019.

    Below table is only given as an example of BAF quantums per container size. Official BAF tariffs for Europe to Africa trade will be communicated at a later stage as per applicable regulations.

    BAF Europe Africa
    IFO 380 price is the reference for Europe-Africa Bunker Adjustment Formula. CMA CGM is using one single IFO 380 reference for all trades, below is the weight of each port worldwide: 40% Rotterdam IF0 380, 50% Singapore IFO 380, 10% Houston IFO 380.

    As from the second half of 2019, to be compliant with the IMO regulations effective on January 1st, 2020, CMA CGM will start bunkering the new LSFO 0,5% sulfur at a cost that is unknown for time being. The adjustment falling into 2020 will therefore be based on the variation between the average cost of one ton of IFO and the average cost of one ton of LSFO 0.5% at the date of review.




2018 November 15

18:03 Costa Smeralda to call on Cruiseport Rotterdam
17:54 Polish LNG Conference 2018 concludes in Warsaw
17:25 Port of Singapore throughput in 10M’18 grew by 0.7% Y-o-Y to 523.73 million tonnes
17:03 Maersk Line announces rates from Mediterranean to West and Central Asia
16:52 Expert says downward trend in bunker prices may continue next week
16:30 Nevsky Shipyard launched dry cargo vessel of Project RSD59 «Pola Anfisa»
16:19 "K" Line takes delivery of coal carrier “SHONAI MARU” for JERA Trading
16:04 ICTSI names new APAC head
15:22 Meyer Turku starts construction of Carnival XL1
15:03 Port of Antwerp signs an agreement with Enabel
14:34 Throughput of Ukraine’s seaports in 10M’18 declined by 0.7% Y-o-Y to 108 million tonnes
14:03 Pavilion Energy and Novatek agree to strengthen their LNG partnership
14:00 Damen hands over four FCS 2610 vessels to Allianz during ADIPEC
13:36 ABS awards industry’s first offshore facility cyber security-ready notation to Sembcorp Marine
13:23 NOVATEK’s Board of Directors to be elected on 18 January 2019
13:00 Zvezda shipyard started serial manufacturing of Aframax-class tankers
12:39 Residents of Riga and the Port outline a common vision for the future
12:04 Singapore hosts 10th APEC Port Services Network (APSN) Port Connectivity Forum
11:48 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Sea Port of Saint-Petersburg’s allocations for its development programme totaled RUB 413.5 million in 9M’2018
11:03 NYK promotes decarbonization through exploratory design of NYK Super Eco Ship 2050
10:51 ABS and HHI pioneer Cyber Security standard for new vessels
10:25 Brent Crude futures price down 0.18% to $66, Light Sweet Crude – down 0.36% to $56.05
10:11 OOCL introduces new Asia – South Africa direct services
09:58 A.P. Moller – Maersk, CMA CGM, Hapag - Lloyd, MSC and Ocean Network Express plan to establish container shipping association
09:38 ASW Severomorsk of RF Navy's Northern Fleet completed a call to the Republic of Djibouti
09:16 Baltic Dry Index is down to 1,009 points

2018 November 14

18:37 Savannah achieves all-time record in October 2018
18:20 Sovcomflot concludes USD 149 million project credit facility with leading European banks
18:06 NYK and YLK jointly hold training program for staff from around the world
17:57 Organizers of “Dangerous cargoes: new transportation requirements” conference determined subjects to be discussed
17:36 Northwest Seaport Alliance adopts budget for 2019
17:07 DEME’s cutter suction dredger ‘Spartacus’ launched at the Royal IHC shipyard
17:06 Port of Rotterdam Authority wins 2018 ESPO Award
16:40 NIBULON’s fleet masters transportation of bulky cargo
16:38 Diana Shipping announces time charter contract for m/v Maia with Glencore
16:18 A.P. Moller - Maersk reports Q3 2018 results
15:48 1.348 million cbm to be dredged in Azov-Don River Basin this year
15:20 Stolt-Nielsen, Golar LNG and Höegh LNG announce joint $182 mln investment in Avenir LNG
14:56 World's most eco-friendly bulk carriers Viikki & Haaga operate in Baltic Sea
14:20 CHI Zhoushan is ready for LNG carrier repairs
13:37 DeloPorts published its operating results for Q3'2018
13:29 Damen Shiprepair Curaçao floating dock operational
13:15 Global Ship Lease announces new charter at increased rate
12:59 LUKOIL drilled second well in Eastern part of Yury Korchagin field
12:33 USC: aircraft carrier Admiral Kuznetsov to be out of repair on time
12:01 NYK introduces its initiatives of green bond
11:55 Clean water projects receive $3 mln from Long Beach Board of Harbor Commissioners
11:28 Navigation on Neva arms in Saint-Petersburg to close on November 15
10:45 IMO holds training for OSR officials in Myanmar
10:21 Brent Crude futures price down 0.29% to $65.28, Light Sweet Crude – down 0.45% to $55.44
10:02 GTT notified by Hyundai Heavy Industries for the tank design of a new LNG Carrier
09:59 STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker
09:40 Bunker prices at the Port of Saint-Petersburg, Russia returned to September level (graph)
09:17 Baltic Dry Index is down to 1,064 points

2018 November 13

18:06 Navios Containers seeks to list on a U.S. stock exchange
17:53 BIMCO adopts 2020 bunker clauses
17:34 CMA CGM to revamp its CIMEX 2K2 service
17:11 Nevsky Shipyard takes part in «Transport of Russia» exhibition
16:56 NOVATEK shipped first LNG cargo to CNOOC