SeaIntel: Rate slide ahead on Asia-Europe and the Pacific
The major decline in bunker prices will in the coming months result in significant rate slides on the key Asia-Europe and the Pacific trades when carriers adjust their BAF surcharges, according to an analysis from SeaIntel.
BY KATRINE GRØNVALD RAUN
Containers are now adjusting their Bunker Adjustment Factor (BAF) surcharges to fit with the massive decline in bunker prices that began in the 4th quarter. And this will soon be reflected by spot rates on the key trades between Asia and Europe and on the Pacific, says SeaIntel in an analysis.
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