COSCO Container Lines announces a Fuel Adjustment Factor (FAF) in Far East to Red Sea, Gulf & India Sub-Continent Trade and take effect from March 1, 2013 to March 31, 2013, according to press release.
The revised FAF are as follows:
From Far East (except Japan) to Persian Gulf & India sub-continent - USD431 per TEU, USD862 per FEU
From Japan to Persian Gulf & India sub-continent - USD334 per TEU, USD668 per FEU
From Far East (include Japan) to Red sea - USD577 per TEU, USD1154 per FEU
Far East include: China Mainland, China Hong Kong, China Taiwan, China Macao, Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.
Persian Gulf include: Iran, Iraq, Kuwait, Saudi Arabia (Persian Gulf Coastal), Bahrain, Qatar, United Arab Emirates and Oman.
Indian Sub-continent include: India and Pakistan.
Red Sea include: Saudi Arabia (Red Sea Coastal), Yemen, Jordan, Egypt and Sudan.