27-10-2016

CMA CGM to levy Asia-India-Mideast-N Africa 2-step rate hikes

CMACGM

FRENCH shipping giant CMA CGM has announced a general rate restoration on freight all kinds from Asia to North African from November 1. 

From Asia to Algeria rates will rise $1,400 per TEU, $2,600 per FEU and $2,675 per FEU high cube.

From Asia to Libya rates will rise $1,350 per TEU, $2,500 per FEU and $2,575 per FEU high cube.

From Asia to Morocco, rates will rise $1,400 per TEU, $2,600 per FEU and $2,675 per FEU high cube.

CMA CGM rates will also increase from Asia to Pakistan and India's west coast in two successive steps.

Effective from November 1, from all Asian ports to Pakistan, India west cast and Sri Lanka rates will rise by $100 per TEU and from November 15, they will go up another $100 per TEU.

Again in two steps, CMA CGM will levy a $200 per TEU increase on November 1 on cargo from Asia to Middle East and Gulf ports and impose another $200 increase on November 15 on Asia to Mideast cargo.

Source: Schednet 

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