Bunker Adjustment Factor (BAF) will be updated and effective April 2025

The revised BAF retains its core function of adjusting for fuel price fluctuations. As liquefied natural gas (LNG) becomes an industry standard for new builds, we are now incorporating LNG into the fuel mix. This is a small but crucial step toward integrating alternative fuels, aligning with evolving regulatory requirements and the industry’s long-term carbon reduction goals. All other parameters of the BAF remain unchanged, ensuring continuity for our customers. Over time, additional fuel types may be included to support the transition to lower-emission shipping solutions.

This transition is supported by our investment in the Aurora Class vessels, four of which have been delivered and eight more on order. The Aurora Class features multi-fuel capability, allowing us to offer our customers market-leading sustainable solutions.

For customers with ambitious decarbonisation targets, we continue offering tailor-made fuel solutions to reduce carbon footprint across our global trade network.

Should you have any questions, please reach out to your local representative.