Our low-sulphur bunker price tracker is intended to standardise, clarify and simplify the adjustment of Bunker Adjustment Factors (BAFs) between shippers and carriers or forwarders. By streamlining the process and agreeing common bunker price measurement periods, BAF adjustment periods, fuel prices and index formulae, we hope to bring much needed clarity to challenges the regulatory change presents.
Notes: The average bunker price published here is the weighted average price of bunker fuel in the major ports of Singapore (50% weight), Houston (10%) and Rotterdam (40%) for the relevant period. The bunker fuel prices for each port come from local and global physical bunker suppliers, traders, and brokers.
Source: Drewry Supply Chain Advisors, shipandbunker.com
For further information on the freight cost benchmarking services offered by Drewry, please contact us at:
T +44 (0)20 7538 0191
Drewry Supply Chain Advisors, 35-41 Folgate Street, London, E1 6BX, United Kingdom
Jan 2019 = 100
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