Home » Breaking News, Maritime » Hapag-Lloyd revises Asia-NorthAm BFF, hikes Far East rates
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Germany’s Hapag-Lloyd will be revising the bunker fuel factor (BFF) for all dry, reefer, flat-rack, and open-top containers from Asia, including the Indian Sub-continent, to all United States and Canada destinations.

To take effect from October 1, 2013, the new BFF levels for the west coast port of discharge are US$424 from $422 per 20-foot standard container, $530 from $527 per 40-foot standard container, $596 from $593 per 40-foot high-cube container, and $671 from $667 per 45-foot container.

The new BFF levels for the east coast port of discharge are as follows: $780 from $784 for a 20-foot standard container, $975 from $980 for a 40-foot standard container, $1,097 from $1,103 per 40-foot high-cube container, and $1,234 from $1,240 per 45-foot container.

The Hamburg-based ocean carrier also intends to raise freight rates for all cargoes and container types from East Asia (excluding Japan) to North Europe and the Mediterranean by $500 per 20-foot-equivalent unit (TEU).

The rate hike is effective from September 23.

East Asia is comprised of Japan, Korea, Taiwan, Hong Kong, China, Macau, Singapore, Malaysia, Indonesia, Thailand, Philippines, Laos, Cambodia, Vietnam, Brunei, and the Russian Pacific ports of Vladivostok and Vostochny.

North Europe and the Mediterranean consist of West Mediterranean, East Mediterranean, the Black Sea, and North Africa.

Meanwhile, from September 20, Hapag-Lloyd will increase rates for all cargo and container types from Northeast Asia (Korea, China, Hong Kong, and Taiwan) to Australia by $500 per TEU.

For the Japan-Arabian Gulf/Red Sea lanes, a rate restoration program of $500 per TEU will be levied from October 1.

The Arabian Gulf covers the ports in the United Arab Emirates, Bahrain, Iraq, Kuwait, Oman, Qatar, and Saudi Arabia.

Red Sea is defined as the ports of Jeddah, Aqaba, Sokhna, Port Sudan, and Hodeidah.

Also from October 1, a general rate increase will be imposed on the Japan-Indian Sub-continent service amounting to $300 per TEU. The Indian Sub-continent is defined as the ports in Bangladesh, Pakistan, Sri Lanka, and India.

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