As you will have heard already, the new year will bring some changes in the Belgian import release landscape. BAF to be applied on top of freight. Dive Brief: Maersk increased its loaded freight rate by 4.5% year over year (YoY) in the second quarter, as the ocean carrier experienced a 16% decline in volume compared to the same period last year, the company said in its Q2 report. In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. 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. Maritime News. 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. Die so genannte IMO2020 Verordnung ist die erste einer Reihe von Maßnahmen der Internationalen Seeschifffahrtsorganisation (IMO) zur Verringerung der Meeresverschmutzung. Unit Q3 2020 Q2 2020 Revenue USDm 82 137 Contracted days(1) # Days 351 448 Utilisation(2) Percent 48 64 Financial uptime(3) Percent 99.9 99.0 Average day rate(4) USDk/day 234 306. The Interim Report for the 2nd Quarter 2020 for A.P. In order to enjoy a smooth import process we would like to provide guidelines so that you can save time and money. A.P. Møller - Mærsk A/S is hereby enclosed. Moller - Maersk is an integrated transport and logistics company with multiple brands and is a global leader in container shipping and ports. We use Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. Interim Report Q2 2020. Møller - Mærsk A/S is hereby enclosed. Fuel cost would account for an even larger portion of total freight rate. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge. The earnings improvement was achieved despite the sharp drop in global volumes following the COVID-19 crisis. ALL RIGHTS RESERVED By using this site you agree to the use of cookies for analytics and personalized content. Our dedicated team of experts are here for you. Please see consolidated Q2 2020 BAF* levels below: * per TEU in USD (unless other currency specified). At the same time, we also anticipated increased volatility in fuel price. I am pleased that we despite the headwinds, continued our track record of improving earnings and free cash flow. Currently Maersk A/S operates in the UK through a registered legal branch.