CMA CGM to push up rates in Europe, Med and North Africa

MERSEILLES : The French shipping line CMA CGM has announced the introduction of new rate increases for sailings in Europe, North Africa and the Mediterranean, which will take effect in September.

Firstly, the Marseille-based carrier will impose a Freight All Kinds (FAK) rate increase for 20′, 40′ standard and high cube (HC) containers, from India to all North European and Mediterranean ports.

The new prices after the surcharges which will start from 1 and not beyond 14 September, will be the following:

In addition, CMA CGM will apply increased FAK rates from Pakistan to all North European, Mediterranean and North African base ports. The updated prices will be effective from 1 September, as follows:

On the same date, another CMA CGM FAK rate increase will be set from the Middle East Gulf to North Europe, Scandinavian and Polish ports. The new prices will be US$4,075 per standard 20′ container and US$5,150 per standard 40′ and high cube (HC) box.

In the meantime, CMA CGM will push up its FAK rates from the same ports of origin to East Mediterranean, with the new prices being as follows:

• US$3,325 per 20′ dry
• US$4,825 per 40′ and HC

Last but not least, the French liner operator will introduce the following Peak Season Surcharge (PSS) for dry, reefer, flat rack and shipper-owned (SOC) containers from Europe, Scandinavia, Black Sea and the West Mediterranean destined to Mauritius, Comoros, Seychelles and Madagascar.

The surcharge will be effective from 10 September.

Source : Container News