The bunker situation has become quite critical and prices are very volatile. Sea-Cargo will as from now on issue and revise BAF on monthly basis (both upwards and downwards), with release date being 20th of each month - with changes applicable as from 01st the following month. The notice will be posted on this site.

20th January 2012
Oil prices are once again affected by “political issues” and have during the last weeks shown a clear upward trend. The average USD quotes for MGO from 20.12.2011 to 20.01.2012 rose by more than 5,5 % compared to the revious 30 days period. The USD has in the same period strengthened considerably – unlike other periods of increase in oil prices where one has seen a weakened Dollar.

While we in Sea-cargo were able to reduce the BAF level during last month’s assessment (following our standard calculation formally) we are now left with no option to take increase it. We do appreciate that any increase of whatever nature is unfortunate and challenging and we are constantly trying to improve our fuel and cost efficiency to maintain our overall competitiveness. We are therefore pleased to announce that we in view of the overall situation – have decided not to make any General Freight Tariff adjustments for 2012 – unlike most of
our competitors. The BAF surcharge as from 1st February 2012 will be adjusted to 31,5%

We thank you all for your understanding and continued support