Box carriers ‘turning a deaf ear’ to calls to cancel BAFs as oil price slumps

With oil prices plunging to less than $20 per barrel, ocean carriers are coming under increased pressure to cancel their bunker surcharges and introduce negative bunker adjustment factors (BAFs) across their networks.
Strict capacity discipline by carriers has supported freight rates on the major tradelanes to compensate for recent demand slumps, but shippers complain that the lines are still charging BAFs – and IMO 2020 low-sulphur surcharges – despite the precipitous …

The post Box carriers ‘turning a deaf ear’ to calls to cancel BAFs as oil price slumps appeared first on The Loadstar.

Source: The Loadstar

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