Now is the time to rethink the method of calculating the bunker adjustment factor, BAF, mechanism, which is essentially the liner shipping companies' device for insulating themselves against oil price fluctuations, reports Alphaliner.
Alphaliner's assessment comes after new bunker surcharge announcements from the big carriers, led by Maersk Line and followed by MSC and CMA CGM, all of which will introduce their new BAF mechanisms from January 2019. Container carriers' customers have requested a more transparent calculation method, and the latest move from shipping companies has not been well received by the big shippers' associations that represent the interests of customers.
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