Maersk Line Change to be ahead of 2020 Sulphur Cap

World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap.
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 %.
Maersk is pursuing the move amid expected increasing fuel costs the industry will face due to the new regulation, which are projected to reach USD 15 billion. Maersk Line alone anticipates it will have to pay over USD 2 billion more for fuel on annual basis.
“We fully support the new rules. They will be a significant benefit to the environment and to human health”, says Vincent Clerc, Chief Commercial Officer, A.P. Moller – Maersk A/S.
“The 2020 sulphur cap is a game changer for the shipping industry. Maersk preparations to comply are well underway and so are our customers’ efforts to plan ahead. The new BAF is a simple, fair and predictable mechanism that ensures clarity for our customers in planning their supply chains for this significant shift.”
The BAF replaces Maersk Line’s 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.
Maersk Line’s BAF surcharge will be introduced on January 1, 2019, and it will be levied separately from the company’s freight rate.
  
世界上最大的集裝箱運輸公司馬士基航運公司計劃在2020年硫上限之前引入新的燃油調整附加費。
如上所述,新的燃油附加費(BAF)附加費旨在收回馬士基航運公司遵守全球硫含量上限的成本,該成本要求使用硫含量為0.5%而不是3.5%的燃料。
由於新的監管預計將增加燃料成本,馬士基正在推動這一舉措,該監管預計將達到150億美元。僅馬士基航運公司就預計每年必須支付超過20億美元的燃料費用。
“我們完全支持新規則。AP Moller - Maersk A / S首席商務官Vincent Clerc說,它們將對環境和人類健康產生重大影響。
“2020硫上限是航運業的改變者。馬士基的準備工作正在順利進行,我們的客戶也在努力提前規劃。新的BAF是一種簡單,公平和可預測的機制,確保我們的客戶明確規劃其供應鏈,以實現這一重大轉變。“
BAF取代馬士基航運公司的標準燃油附加費(SBF)附加費,包括兩個關鍵要素; 燃料價格,計算為全球主要加油港口的平均燃料價格,以及反映特定貿易通道平均燃料消耗的貿易因素。
馬士基航運公司的BAF附加費將於2019年1月1日推出,並將與公司的運費分開徵收。


Information source: World Maritime News Staff; Image Courtesy: IContiners