maersk baf q2 2020
Moller - Maersk Interim Report Q2 | 19 August 2020 ” The COVID-19 pandemic impacted the global demand significantly in the second quarter, and our business volumes as expected were sharply down across Ocean, Logistics & Services and Terminals. Maersk is working to ensure all challenges are managed in the best way possible along this supply chain. The transformation of A.P. However, compared to Q2 of 2020, there has been a 31% increase in volumes, indicating that trade is on a path of recovery. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective January 1st 2021.. 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.The details on the period and reference ports used for the calculation can be found in the … As it turned out, demand was down 20% in April, but by a lesser amount thereafter. Der aktuelle Standard sind Treibstoffe mit einer Schwefelobergrenze von 3,5 Prozent. The Maersk Spot platform includes full visibility of the Destination (Import) Demurrage and Detention terms, when you look up a price or book with us. BAF Application: This new BAF formula will be applicable only on all contracts/quotations with at least 3-month validity starting as from January 1st, 2019. +45 3363 3106, Head of External Communication, Signe Wagner, tel. 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 271.24 USD/TON. Fuel cost would account for an even larger portion of total freight rate. The trigger to activate the exceptional review on both cases is defined as a change of more than 50 USD/TON (up or down) on bunker prices compared to the last time both surcharges were adjusted. Interim Report Q2 2020. With a strong result and a strong balance sheet we are well positioned to financially and strategically come out stronger of the crisis.”, Head of Investor Relations, Stig Frederiksen, tel. Maersk will adjust its bunker adjustment factors (BAF) based on the price of low-sulfur fuels from Jan. 1 for long-term contracts of more than three months.For spot business and shorter contracts of less than three months, it is introducing on Dec. 1 an environmental fuel fee (EFF), a mechanism designed to recover the extra costs of the more expensive IMO 2020-compliant fuel. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective 1 July 2020. ]]>. (Charts: Maersk) Three months ago, Maersk predicted second-quarter demand could fall by 20-25%. As Maersk has communicated during the course of 2019, the switch of marine fuel to comply with the IMO Low Sulphur Cap regulation effective 1 January 2020, would bring substantial cost increase for ocean shipping. Wegen der starken ... (Q3) verbesserte A.P. Our dedicated team of experts are here for you. BAF to be applied on top of freight. Feel free to contact us if you have any questions.