This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). It will be charged separately from Maersk Line’s freight rate. The BAF surcharge will be introduced on January 1, 2019, replacing Maersk Line's current Standard Bunker Adjustment Factor (SBF) surcharge. Maersk adds that in 2019 they calculated the BAF using the fuel price for high-sulphur fuel (3.5% sulphur). Der aktuelle Standard sind Treibstoffe mit einer Schwefelobergrenze von 3,5 Prozent. This is expected to lower global shipping’s sulphur emissions, a known source for respiratory disease and acid rain, by more than 80%. It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020. In 2019, we have used the fuel price for high-sulphur fuel (3.5% sulphur) to calculate the BAF. Seri Everest, the first in a series of three 98,000 cbm Very Large Ethane Carriers (VLECs) built at Samsung Heavy Industries Co., Ltd. Wind propulsion systems provider Norsepower said it has secured a contract to install five tilting rotor sails on board a…, Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis…, Philly Shipyard held a steel cutting ceremony for the new National Security Multi-Mission Vessel (NSMV), the first of five planned purpose-built…, While work on maritime autonomy has proceeded at speed globally, a pair of U.S. companies – Metal Shark and Sea Machines…. Maersk will adjust its Bunker Adjustment Factor (BAF) based on the price of low sulfur fuels from Jan. 1 for long-term contracts of more than three months. Anti-pollution and environmental compliance are key concerns in today’s world. ”We fully support the new regulations, they will be a major benefit to the environment and peoples health. Maersk Hikes BAF on Rising VLSFO Prices; Maersk Hikes BAF on Rising VLSFO Prices . In light of the approaching 2020 sulphur cap, which sees vessels using fuel containing up to 0.5% sulphur, Maersk’s Jacob A. New Environmental Fuel Fee (EFF) Effective from 1st December 2019, Maersk will introduce an Environmental Fuel Fee (EFF) on all trades, which will apply to all spot business and contracts with validity up to 3 months. Good forward planning from Maersk as the first carrier to begin to shed light on their plans for BAF beyond the low-Sulphur "barrier" in 2020. New Environmental Fuel Fee (EFF) The company said it expects to spend more than $2 billion to meet the sulphur cap requirements, and added that the cost for the global container shipping industry to comply could be up to $15 billion. Bunker Adjustment Factor (BAF) reviewed and the new tariffs will be effective January 1st 2021 03 Dec 2020 Rate announcements PED for imports into Venezuela Equipment Positioning Service (PED) surcharge for imports into Venezuela (La Guaira and Puerto Cabello) effective Jan 1 2021. Keeping up with the European Green Deal (EGD) and MARPOL convention, it aims to reduce the pollution levels globally by cutting and controlling emissions. The new ‘BAF’ surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Accordingly, Maersk will apply the additional monthly trigger defined in its BAF and EFF formulas and the new tariffs will be effective 1 March 2020. Splash September 21, 2018. AP Moller – Maersk (Maersk Line) is set to introduce a new Bunker Adjustment Factor (BAF) surcharge to recover parts of its costs to be incurred from fuel-related expenditures while complying with the International Maritime Organisation’s (IMO) 2020 0.5% sulphur cap. Sterling tweeted that the cost of compliance will increase. Maersk Line is set hike its bunker adjustment factor (BAF) after prices of very low sulphur fuel oil (VLSFO) have soared with the introduction of the IMO 2020 global sulphur cap. To allow customers to familiarise with the changed formula, Maersk Line’s BAF surcharge will be introduced on 1 January 2019. Whereas today ships can use fuel with up to 3.5% sulphur content (outside Emission Control Areas), the new global sulphur cap will be 0.5%. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Based on expected differences in price between current 3.5% bunker fuel and compliant 0.5% fuel, external sources estimate the additional cost for the global container shipping industry to comply could be up to USD 15 billion. Maersk preparations to comply are well underway and so are our customers’ efforts to plan ahead. The regulation will bring increases and uncertainty to fuel costs for shipping. The above rates are also subject to other applicable surcharges, including local charges and contingency charges. Combining the two factors give customers full predictability of their costs at any given fuel price both before and after 2020. More than 100 cargo ships were kept from loading agricultural goods in Argentina on Monday, as a wage strike by grains inspectors…, Following a string of bulk carrier vessel sales and a plan to order an offshore wind installation vessel, dry bulk carrier…, Norway’s Island Offshore broke free from the enforced conservatism of the E&P sector, adding not just a new ship to its fleet…, As the battered cruise industry looks to turn the clock on 2020 and return to business as 'normal' in 2021, in Finland today…. Introduction of the IMO 2020 and its Impact on the BAF With the coming of the IMO 2020, a new regulation has come into force from January 1, 2020. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). New Bunker Adjustment Factor (BAF) Dear Customer, From 1st January 2020, a new regulation will come into force to reduce air pollution from ships globally. It follows an announcement by Danish giant AP Moller Maersk that it is introducing a new bunker adjustment factor (BAF) surcharge on 1 January 2019, a full year ahead of the global sulphur cap on marine emissions which enters into force on 1 January 2020. Keeping up with the European Green Deal (EGD) and MARPOL convention, it aims to reduce the pollution levels globally by … Introduction of the IMO 2020 and its Impact on the BAF. The Maersk BAF tariff will be reviewed on a quarterly basis and will be adjusted only when fuel prices change by more than $10/ton. by Ship & Bunker News Team. As explained, the new Bunker Adjustment Factor (BAF) surcharge aims at recovering Maersk Line’s costs of compliance with the global sulphur cap, which mandates the use of fuel with a sulphur content of 0.5% instead of 3.5 %. Pes 2020 Buz 2020 2, Olympic 2020 Tickets Usa, Olympic 2020 Tickets Usa Cosenza Calcio Maglia 2020, Kcc Adn 2020... Ram 2020 Limited, Eventos Deportivos 2020 Colombia Sauerland Stern Party 2020 Mayland Diplomat 2020. The BAF surcharge is designed to recover increases in fuel-related costs. However, from January 1 2020, the BAF tariff will be calculated based on the fuel price for 0.1% sulphur gasoil with a fixed deduction of 50 USD/ton. Maersk preparations to comply are well underway and so are our customers’ efforts to plan ahead,’ said Vincent Clerc, Chief Commercial Officer, A.P. "Maersk will therefore introduce an Environmental Fuel Fee (EFF) for … 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. 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 323.87 USD/TON. 1 4 2 minutes read. © 1996-2020 Maritime Activity Reports, Inc. According to industry estimates, more than 90% of the global vessel fleet will be relying on compliant fuels when the sulphur rules step into force on 1 January 2020. The BAF replaces Maersk Line’s current Standard Bunker Adjustment Factor (SBF) surcharge and consists of two key elements; the fuel price which is calculated as the average fuel price in key bunkering ports around the world, and a trade factor that reflects the average fuel consumption on a given trade lane as a result of variables like transit time, fuel efficiency and trade imbalances between head haul and backhaul legs. 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. According to industry estimates, more than 90% of the global vessel fleet will be relying on compliant fuels when the sulphur rules step into force on 1 January 2020. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge Greg Knowler, Senior Europe Editor | Nov 01, 2019 1:37PM EDT. Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to recover costs of compliance with the global 0.5 … Accordingly, Maersk will apply the additional monthly trigger defined in its BAF and EFF formulas and the new tariffs will be effective 1 March 2020. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge. 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. Nor take apart an engine room to install an environmentally compliant one. October 15, 2019. in Fuels and lubricants. Combining the two factors gives customers full predictability of their costs at any given fuel price both before and after 2020, according to Maersk Line. “We fully support the new rules. 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