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CMA CGM to increase its Asia-Red Sea rate US$200/TEU from August 19

FRENCH shipping giant CMA CGM has announced new freight all kinds (FAK) rate increases of US$200 per TEU from Asia to Red Sea ports on rates set at $1,000 per TEU and $1,800 per FEU.

Calling the increase a "rate restoration" CMA CGM said the new pricing would take effect from August 19 from all Asian ports to Red Sea ports and apply to dry, OOG, breakbulk and reefer cargo.

Source: Schednet

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