CMA CGM ups Asia-Europe rates US$408/TEU, adds 5 surcharges from April

2012 03 05


MARSEILLES shipping giant, CMA CGM, has raised Asia-Europe westbound rates for shipments from all Asian ports to all European destinations and North Africa by US$408 per TEU and $806 per FEU effective April 1.

The breakdown of the total increase includes the existing interim fuel surcharge of $550 per TEU will be increased by $30 per TEU. The Aden Gulf surcharge of $54 per TEU will be reinstated, the Suez Canal surcharge will be increased to $14 per TEU, the container security fee of $10 per container will be reinstated and an emergency revenue increase of $300 per TEU will be added on top of all quotations.

Meanwhile, CMA CGM also said it will increase eastbound north Europe-Asia rates by $100 per TEU from March 19, applying to dry and low value commodity cargo.

The world's two largest carriers Maersk and MSC has announced the similar April rate increases earlier, and it is believed that most carriers will follow this second round of general rate increases (GRI) after the successful action of GRI in March.

Source Shipping Gazette - Daily Shipping News
 

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