According to Maersk, bunker prices in … Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 October 2020. Maersk's new BAF formula BY PETER T. LEACH | Jan 27, 2008 7:00PM EST. Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. The shipping lines have quoted rising fuel costs as justification for the emergency surcharge, with 2M partners Maersk and MSC, and Hapag-Lloyd claiming that the high bunker prices are no longer sustainable. The BAF Calculator then works out the bunker charge in USD per unit for each container type. Maersk Line announces new Bunker Adjustment Factor (BAF) From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. The backbone of Bunker Adjustment is calculated by the external performance provider Vessel Performance Solutions (VPS). Maersk Tankers’ bunker adjustment methodology was launched in August 2015 and is built on metrics and algorithms and naval architectural methodologies. Maersk's new BAF formula. The period used for the calculation will be 26 DEC’19 to 25 JAN’20 and compared versus following figures: BAF: Average bunker price from 26 AUG’19 to 25 NOV’19 (US$537,99/t) The Bunker Adjustment Factor is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs. It applies to contracts with validity longer than 3 months. Maersk issues a new Environmental Fuel Fee, and updates the existing Bunker Adjustment Factor, with respect to the approaching IMO2020. JOC Maritime News International Freight Shipping. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission … Here you can see a few simple and convenient ways to calculate the bunker … The user simply selects the load and discharge country and the container type. In 2019, we have used the changes in fuel price for high-sulphur fuel (IFO380) to calculate the BAF. This online tool uses a formula developed by Maersk Line to calculate the BAF for any given trade. to meet the Shipping industry’s demand for 0.1%S maximum bunker fuel in the ECA zones. Formerly, BAF used to be standardized by the Transpacific Stabilisation Agreement (TSA) using the Brent crude oil as a basis. As previously communicated, our revised Bunker Adjustment Factor (BAF) is designed to adjust contract rates within the duration of a contract, based on fluctuations in fuel-related costs. Ever since fuel prices started going through the roof last year, container shipping companies have c. The period used for the calculation will be 26 DEC’19 to 25 JAN’20 and compared to the following figures: BAF: Average bunker price from 26 AUG’19 to 25 NOV’19 (537,99 USD/TON) Maersk uses Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. Subsequently, the shipping operators started to set their bunker surcharge independently – monitored by the European Commission. But, in 2018, TSA was disbanded following the resignation of its key member, Maersk Line. Bunker calculation having very much significance in bunkering, at times wrong calculation can lead to shortage of bunker, oil spill etc. Shell has developed an Ultra-Low Sulphur Fuel Oil (ULSFO 0.1%S max.) We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 313.31 USD/TON.The details on the period and reference ports used for the calculation can be found in the … Maersk 's new BAF formula by PETER T. LEACH | Jan 27, 2008 7:00PM EST calculate BAF... Country and the container type industry ’ s demand for 0.1 % maximum... Duration of a contract, based on fluctuations in fuel-related costs bunker fuel in the zones... 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