Latest news from Heavy Lift & Project Forwarding International Magazine

Sulphur cap set to raise shipping costs

Maersk Line is to introduce a new bunker adjustment factor (BAF) surcharge ahead of the global sulphur cap on marine emissions which enters into force on January 1, 2020.


 

The Danish-headquartered carrier said it would help it recover the cost of compliance with the new International Maritime Organisation (IMO) regulation, which will cut allowable sulphur content from 3.5 percent to 0.5 percent.

Describing the sulphur cap as “a game changer”, chief commercial officer, AP MøllerMærsk, Vincent Clerc, said: “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.”

According to industry estimates, over 90 percent of the global vessel fleet will be relying on compliant fuels when the sulphur rules come into force on January 1, 2020. This will also be the case for the Maersk Line fleet, despite a recent investment in a limited number of scrubbers.

The added cost to the global container shipping industry to comply could be up to USD15 billion. While Maersk Line expects its own extra fuel costs could exceed USD2 billion.

The BAF replaces Maersk Line's current 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 as a result of variables such as transit time, fuel efficiency and trade imbalances between head haul and backhaul legs.

maersk.com

 

Heavy Lift | News

P&L adds Faymonville trailer thumbnail image

P&L adds Faymonville trailer

October 22 - South Africa’s P&L Machine Moving and Rigging has acquired a six-axle MultiMAX semi-trailer from Faymonville.
Views: 107
NHH handles dump truck delivery thumbnail image

NHH handles dump truck delivery

October 22 - Australia’s National Heavy Haulage (NHH), part of the National Group, has delivered five Ultra-Class Liebherr T 282 C dump trucks to BHP Billiton’s Peak Downs mining site in Queensland.
Views: 142
LiftEx heads to Milton Keynes thumbnail image

LiftEx heads to Milton Keynes

October 19 - The LiftEx exhibition and LEEA (Lifting Equipment Engineers Association) Awards 2018 will take place from November 14-15 at the Arena MK in Milton Keynes, UK.
Views: 473
Multipurpose rates edge up thumbnail image

Multipurpose rates edge up

October 19 - Time charter rates in the multipurpose shipping sector have increased over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 543

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.