Maersk ups BAF to $150 per TEU on ME-SA, to $295 on FE-SA

MAERSK Line has announced plans to raise bunker fuel surcharges from March 1 from US$140 to $150 per TEU on Middle East-South Africa routes and from $265 to $295 per TEU on the Far East-South Africa routes based on increases in oil prices and determined by the Maersk BAF calculator

During the fourth quarter 2008, the industry experienced declining freight rates in the Europe-to-Asia trade, Maersk said, adding the trend continued into 2009. But it also said there are now indications that demand was increasing because of renewed recent strengths of sterling and the euro.

Source: Schednet