AWRA, EMA RAISE BUNKER ADJUSTMENT FACTOR
The member lines of the Asia Westbound Rate Agreement and the Eastbound Management Agreement will increase their bunker adjustment factor to $61 per TEU, from $45 per TEU, effective May 15.
The BAF for less-than-containerload cargo will be $3.05 per revenue ton.
Member lines for the discussion agreements are APL, Berhad, CMA CGM, DSR Senator Lines, Egyptian International Shipping Co., Egyptian Navigation Co., Hapag-Lloyd, “K” Line, Maersk Sealand, Malaysia International Shipping Corp., Mitsui O.S.K. Lines, National Shipping Co. of Saudi Arabia, NYK, OOCL, Hyundai Merchant Marine, P&O Nedlloyd and Yangming.