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Indiaexportnews.com

3 major conferences increase BAF & CAF

  13.05.2008    

Three inter-shipping line groups—Far Eastern Freight Conference (FEFC), Canada Transpacific Stabilisation Agreement (CTSA) and The European/Caribbean/South American (ESPMC-WITASS)—have increased the bunker and currency surcharges except in one case where the currency charge will be lowered slightly, Exim News Service reported.
Members of CTSA will reportedly increase their fuel recovery surcharges starting June 1.
CTSA will increase BAF from $ 796 to $ 832 per TEU and from $ 995 to $ 1,040 per FEU, from $ 1,120 to $ 1,170 per 40-foot high-cube, from $ 1,260 to $ 1,317 per 45-foot container, and from $ 22 to $ 23 weight measure adjustment.
Reversing the expected direction of surcharges, CTSA’s currency adjustment factor will be seven per cent, down from eight per cent.
CTSA carriers are APL, Cosco Container Lines, Evergreen Line, Hanjin Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, MOL, NYK, OOCL, Yang Ming and Zim.
FEFC will also increase BAF and CAF from June 1 in trades from the UK, North-West Continent, Scandinavia and the Baltic Sea. The Mediterranean and west coast Europe region will also rise to $ 546 per TEU from $ 509 per TEU.
The CAF will rise to 18.2 per cent from 17.7 per cent.
FEFC member lines include ANL Container Lines, APL, CMA CGM, CSAV Norasia, Egyptian International Shipping, Hapag-Lloyd, Hyundai Merchant Marine, "K" Line, Maersk, Mediterranean Shipping Co, MISC Berhad, MOL, NYK, OOCL, Safmarine, Yang Ming and Zim.
ESPMC-WITASS will also increase BAF from June, rising to $ 587 from $ 548 per TEU, $ 1,174 up from $ 1,096 per FEU, and $ 29 from $ 27 the per-freight-ton.
The conference will maintain its monthly low-sulphur fuel surcharge for shipments to and from Baltic Sea ports, Hamburg to Le Havre, Scandinavian countries, Poland, the UK and Ireland at $ 9 per TEU.



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