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2008 March 25   07:57

MSC to hike BAF boxes from Italy, Spain, France, Portugal from April 15

Mediterranean Shipping Company has announced that it will increase its bunker adjustment factor (BAF) on imports from Italy, Spain, South France and Portugal to the US to US$75 per TEU from April 15 due to increasing fuel costs, said a company statement.
"Containers arriving in US east coast ports from abovementioned countries will be increased to $600 per 20'unit; and $1,200 per 40' unit," said the MSC statement.
The rate for containers arriving at US Pacific coast ports will increase to $660 per TEU and $3,120 per FEU.
"These increases are necessary to provide timely and efficient cargo transportation services from the Geneva-based company," said the release.

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