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2006 November 10   06:34

Maersk to reduce Europe-China BAF

Maersk Line has announced that starting December 1 based on the latest bunker oil prices, the bunker adjustment factor (BAF) charge for all cargo movements from Europe (excluding Baltic Sea ports and Israel) to Hong Kong and the rest of China will be decreased to US$248 per TEU.The Danish shipping line announced that from December 1, the BAF charge for all cargo movements from Baltic Sea ports (Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Sweden and Saint Petersburg and Karliningrad in Russia) to Hong Kong and the rest of China has also been cut to $253 per TEU.
At the same time, Maersk announced in a statement that the currency adjustment factor (CAF) will be decreased to plus 7.5 per cent from the beginning of December.

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