Hamburg Sud will increase its bunker adjustment factor as of Oct. 1 for all cargo moving from U.S. and Canada to Europe and the Mediterranean, Journal of Commerce reports.The German carrier said Tuesday it will raise the BAF to $392 from $346 per 20-foot container, and to $784 from $692 per 40-foot container.
It said tariff cargo, along with existing service contracts, will be subject to this charge.
Hamburg Sud will continue to monitor bunker fuel prices on a quarterly basis and adjust the BAF as necessary after appropriate notice.
It said tariff cargo, along with existing service contracts, will be subject to this charge.
Hamburg Sud will continue to monitor bunker fuel prices on a quarterly basis and adjust the BAF as necessary after appropriate notice.