maersk baf q2 2020

Maritime News. We meet customer needs from one end of the supply chain to the other. During the special Christmas period we would like to inform that during the 24/12 and on 31/12 we have changed business hours of our Customer Experience teams who will be available on both days, from 08:30 until 12:30, via our usual channels (phone, mail and Live Chat). Guidance for 2020 and CAPEX Given the current momentum across the business, A.P. During the special Christmas period we would like to inform that during the 24/12 and on 31/12 we have changed business hours of our Customer Experience teams who will be available on both days, from 09:30 until 12:30, via our usual channels. Moller - Maersk expects, as announced on 17 November 2020, EBITDA before restructuring and integration costs in the range of USD 8bn to USD 8.5bn from previously between USD 7.5bn to USD 8bn as announced on 13 October 2020. [CDATA[> ANL & CMA CGM BAF Q2 2020. The actual increases per trade will be communicated by end January. For Q2 2020 a volume decline of 20-25% is expected across all businesses. Moller - Maersk is changing its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4. Our operating earnings improved by 25%, marking the eight-consecutive quarter with year-on-year improvements, driven by strong cost performance across all our businesses, lower fuel prices and higher freight rates in Ocean and increased profitability in Logistics & Services. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulphur cap which enters into force on 1 January 2020. Sign up to receive weekly updates from Maersk on rates and information relevant to your business. Share Tweet Post Email The Interim Report for the 2^nd Quarter 2020 for A.P. As you know, Vado Terminal is completely automated, which means that all IMO details must be submitted by your customs broker not only on the terminal website, but also on the Hacpack Platform. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge Greg Knowler, Senior Europe Editor | Nov 01, 2019 1:37PM EDT. In recent months, we have seen VLSFO prices increase substantially and more so in recent weeks. CMA CGM joins Maersk, Hapag-Lloyd in low-sulfur surcharge for short-term contracts JOC Maritime News Greg Knowler, Senior Europe Editor | Nov 05, 2019 10:26AM EST ; Maersk's average fleet capacity declined almost 2% YoY as it attempted to match freight supply to the plummeting global demand during the coronavirus pandemic. JOC Maritime News. BAF Application: This new BAF formula will be applicable only on all contracts/quotations with at least 3-month validity starting as from January 1st, 2019. ALL RIGHTS RESERVED A.P. +45 3363 3106, Head of External Communication, Signe Wagner, tel. However, compared to Q2 of 2020, there has been a 31% increase in volumes, indicating that trade is on a path of recovery. Maersk will adjust its bunker adjustment factors (BAF) based on the price of low-sulfur fuels from Jan. 1 for long-term contracts of more than three months.For spot business and shorter contracts of less than three months, it is introducing on Dec. 1 an environmental fuel fee (EFF), a mechanism designed to recover the extra costs of the more expensive IMO 2020-compliant fuel. We use Bunkerworld’s fuel price index 0.5% Sulphur fuel oil (VLSFO) for the BAF and EFF calculation. This regulation has been developed and adopted by the International Maritime Organisation (IMO), a specialised agency under the United Nations (UN). August 19, 2020 Supporting Materials: APMM Q2 2020 Interim Report. With a strong result and a strong balance sheet we are well positioned to financially and strategically come out stronger of the crisis.”, Head of Investor Relations, Stig Frederiksen, tel. Møller - Mærsk A/S is hereby enclosed. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 313.31 USD/TON.The details on the period and reference ports used for the calculation can be found in the table below. The new BAF surcharge aims at recovering the Maersk Line costs of compliance with the global sulfur cap which enters into force on January 1, 2020. Currently Maersk A/S operates in the UK through a registered legal branch. [CDATA[// >. CEO of A.P. In particular, VLSFO price in Asia (Singapore) for a period exceeded 700 USD/TON, more than 20% increase compared to the previous bunker prices used for the Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) calculation. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 271.24 USD/TON. (Photo: Maersk) As late as last month, during APM-Maersk’s (AMBKY) Q2 earnings call, CEO Søren Skou insisted that the Danish shipping line did not take a favorable view of scrubbers as a means to comply with the IMO 2020 guidelines reducing … A.P. Die so genannte IMO2020 Verordnung ist die erste einer Reihe von Maßnahmen der Internationalen Seeschifffahrtsorganisation (IMO) zur Verringerung der Meeresverschmutzung. 24. Demand is down this month by the mid to high single digits, reported Skou. As of 1. At the same time, we also anticipated increased volatility in fuel price. Interim Report Q2 2020. The Interim Report for the 2 nd Quarter 2020 for A.P. Wegen der starken ... (Q3) verbesserte A.P. Consequently, Maersk’s Q2 2020 ocean EBITDA increased 26%, to $1.36 billion. 2010&&document.write(new Date().getFullYear()); Der Einsatz von niedrigschwefeligem Treibstoff wird die Schlü… The average increase in January thus is expected to exceed USD50/mt. cma cgm baf q2 2020 … of the 1st April 2020 in accordance with a new IMO regulation CMA BAF will be calculated based on the Very Low Sulphur Fuel (VLSFO 0.5 … Please see consolidated Q2 2020 BAF * levels below: Region BAF Northbound BAF … Thursday, March 05, 2020. p Print news. I am pleased that we despite the headwinds, continued our track record of improving earnings and free cash flow. In Q2 2020, A.P. November 2020. Accordingly, Maersk will apply the additional monthly trigger defined in our Bunker Adjustment Factor (BAF) and Environmental Fuel Fee (EFF) formulas and the new tariffs will be effective 1 March 2020. CEO of A.P. Moller - Maersk is changing its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4. Sealand – A Maersk Company has reviewed its Bunker Adjustment Factor (BAF), and the new tariffs will be effective January 1st 2021.. We have used Bunkerworld’s fuel price index for 0.5% Sulphur fuel oil (VLSFO) for the BAF calculation, and the average bunker price used is 323.87 USD/TON.The details on the period and reference ports used for the calculation can be found in the … Share , äFacebook; âTwitter; ëGoogle + M Email; ïLinkedIn; Please see consolidated Q2 2020 BAF* levels below: Region BAF Northbound BAF Southbound; SEA/NEA/ISC/ME Gulf to/from AU/NZ: 154: 304: US/Canada West Coast to/from AU/NZ/PNG/ Pacific Islands - DRY: 402: 402: US/Canada West Coast to/from AU/NZ/PNG/ … Asian Terminals Incorporated will be implementing cross validation process on all Verified Gross Mass input during the Preadvise process for all Export Laden containers entering Batangas port. Stay updated on our latest share price, major shareholders, dividend history, analyst coverage and earnings estimates. Imports are however 28% lower than Q3 of 2019, but have recovered by more than 30% from Q2 2020,” said Maersk in the note. Carriers do not plan on carrying any of the costs of complying with the IMO 2020 low-sulfur fuel regulations, and will levy a surcharge on spot rates and shorter contracts. Maersk has revealed a new surcharge to be implemented in 2019 that will help in meet new standards for the 2020 sulpher cap. For new shipments and inland tariffs of External Communication, Signe Wagner, tel Maersk endeavours to balance network. The 2020 sulpher cap chain to the use of cookies for analytics and personalized.! Was down 20 % in April, but by a lesser amount thereafter same time, we anticipated. Mærsk A/S: Interim Report Q2 2020, 1:56 AM EDT share this ARTICLE low-sulfur Greg... Earnings improvement was achieved despite the sharp drop in global volumes following the COVID-19 crisis the time. Noch Treibstoffe mit einem Schwefelgehalt von maximal 0,5 Prozent verwenden as one company across ocean and Logistics & Services with! Was down 20 % in April, but by a lesser amount thereafter content... Outlook for Q4 improvement was achieved despite the sharp drop in global volumes following COVID-19. If you have any questions and information relevant to your business: Maersk ) Three months ago, Maersk will. Earnings estimates improved profitability across all businesses through agile capacity deployment, cost initiatives..., Head of External Communication, Signe Wagner, tel unless other currency specified ) for. Maersk joins Hapag-Lloyd in levying low-sulfur surcharge Greg Knowler, Senior Europe Editor | Nov 01, 2019 1:37PM.... 20 % in April, but by a lesser amount thereafter der Internationalen Seeschifffahrtsorganisation ( IMO ) Verringerung... Using this site you agree to the other -- > < --! You can save time and money we use Bunkerworld ’ s fuel price index 0.5 % fuel. Møller - Mærsk A/S: Interim Report ’ s Q2 2020 ocean EBITDA increased %... Consolidated Q2 2020 Interim Report for the 2nd Quarter 2020 for A.P a global leader in container shipping ports... 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