CMA CGM levies Asia-Europe US$385/TEU 'emergency rate restoration'
2012 04 14
- Details
MARSEILLES based French shipping giant CMA CGM has announced US$385 per TEU "emergency rate restoration" on all cargo from Asia to north Europe, Russia, Mediterranean and Black Sea ports starting May 1.
CMA CGM rates will also rise $300 per TEU on all cargo from Far East and south east Asia to the Indian subcontinent. A few days earlier, Maersk announced it would increase its rates on cargo from Far East Asia to the US on May 1, noted London's International Freighting Weekly.
Shipments to the US west coast will increase $400 per TEU, $500 per FEU, $565 per 40-foot high-cube and $630 per 45-foot high-cube, east coast rates will rise $560 per TEU, $700 per FEU, $790 per 40-foot high-cube and $885 per 45-foot high-cube.
Europe-Asia backhaul rates will increase $160 per TEU, $200 per 40-foot high-cube and $250 per 45-foot high-cube.
Far East to Canada rates will increase $400 per TEU, $500 per FEU, $565 per 40-foot high-cube and $635 per 45-foot high-cube, and from Far East Asia (excluding Japan) to Europe, rates will rise $400 per TEU. Backhaul rates will rise $160 per TEU and $200 per 40-foot and 45-foot high-cube starting May 10.
Rates on cargo from the Middle East to the Indian subcontinent and to north Europe and the Med will increase $200 per TEU and $400 per FEU and routes from Latin America to India, they will rise $1,000 per TEU from May 5.
Source Shipping Gazette - Daily Shipping News
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