Bunker Adjustment
Factor (BAF) Update
Quarterly review of fuel surcharges effective January 1, 2026. Impact analysis for Transatlantic and North–South trade lanes.
Effective Date: January 1, 2026
Following the quarterly review of VLSFO (Very Low Sulphur Fuel Oil) average prices in key bunkering ports, TMC announces the revised Bunker Adjustment Factor (BAF) applicable to all trades.
The global energy market has experienced moderate volatility in Q4 2025. To ensure the continued reliability of our service network and compliance with IMO 2020 sulphur cap regulations, the BAF has been adjusted to reflect the weighted average fuel price of $620 USD/ton.
This adjustment applies to all valid contracts and spot bookings with a validity date starting on or after January 1, 2026. The amounts listed below are separate from the Ocean Freight (Base Rate).
| Trade Lane | 20′ Dry (USD) | 40′ Dry / HC (USD) | Reefer (USD) |
|---|---|---|---|
| North America ↔ West Africa | $ 450 | $ 900 | $ 1,050 |
| Europe ↔ West Africa | $ 380 | $ 760 | $ 890 |
| Asia ↔ Africa | $ 520 | $ 1,040 | $ 1,250 |
| Latin America ↔ Africa | $ 410 | $ 820 | $ 950 |
Low Sulphur Surcharge (LSS)
For trades involving Emission Control Areas (ECA) in North Europe and North America, an additional Low Sulphur Surcharge (LSS) of $35 USD/TEU will remain applicable to cover the cost of 0.1% sulphur marine gas oil (MGO).
TMC Trade Management
For further details regarding specific port pairs or long-term contract mechanisms, please contact your local TMC representative.
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