Implementation of New Bunker Adjustment Formula Effective 1st January 2019
Bunker is one of the important cost components for a container shipping line. And as you are aware, IFO 380 price has shown strong fluctuations in the recent months.
In addition, a new IMO (International Maritime Organization) low sulphur regulation will be applied to all container shipping companies effective 1st January 2020. The regulation stipulates a maximum sulphur content threshold of 0.5% for marine fuels over 100% of the sea distance for any maritime services including all ANL services.
To be compliant with this new regulation ANL will use low sulphur fuel (LSFO) and the cost per ton is expected to be significantly higher than IFO 380.
In order to ensure the sustainability and reliability of our services in this volatile environment, ANL will introduce a new quarterly Bunker Adjustment Formula (BAF) for all contracts with validity period of more than 3 months, starting from 1st January 2019.
BAF quantum applicable from 1st January through until 31st March 2019 will be calculated based on the IFO 380 per ton range $451-$475.
Please refer to the below table for more information.
(Click to view full details)
|BAF Quantum Applicable from 1st January – 31st March 2019 |
|SEA/NEA/ISC/ME Gulf to/from AU/NZ/Pacific Islands||Northbound US$ 101 Southbound US$ 251|
|US/Canada West Coast to/from AU/NZ/PNG/ Pacific Islands||US$ 285|
|US/Canada East Coast to/from AU/NZ/PNG/ Pacific Islands||US$ 546|
|Australia to/from NZ||Westbound US$ 145 Eastbound US$ 50|
|PNG to/from Asia (APR)||US$ 285|
|Darwin/Dili to/from Asia (PAX)||US$ 300|
|AU Coastal||AU$ 70|
|NZ Coastal||NZ$ 40|
|AU/NZ to Adriatic/Baltic& Scan/Black Sea/Med/North Europe||Westbound US$ 522 Eastbound US$ 617|