30-11-2017

CMA CGM to increase Far East to Middle East, Indian subcontinent rates

FRENCH shipping giant CMA CGM has announced two rate increases for December from Asia to the Middle East and from the Far East to the Indian subcontinent.

For all cargo from East Asian ports bound for Middle East and Persian Gulf ports rates will rise by US$200.

As from December 1, freight all kinds (FAK) tariff guide lines, excluding terminal handling charges at both ends will be $500 per TEU and $800 per FEU from all Chinese and Korean base ports to Dubai's Jebel Ali.

A rate restoration programme will take shape in three steps as follows: Cargo bound for Dammam will be charged an add-on of $50 per TEU on top of Jebel Ali rates

Effective December 8, rates from all Asian ports to all Middle East Gulf ports will increase to $200 per TEU.

Effective December 15, rates from all Asian ports to all Middle East Gulf ports will again increased $200 per TEU.

As for rates to the Indian subcontinent, they will increase on December 1 by $100 per container of bound for Pakistan, India west coast, India east coast and Sri Lanka

Also as from December 1, our FAK Tariff Guide Lines (excluding THC both ends) rates are $450 per TEU and $600 FEU from China to Mumbai's Nhava Sheva/Mundra/Hazira.

Source: Schednet

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