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CMA CGM to Hike Rates on Major Lanes |
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Monday, 01 March 2010 |
 CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1.
In an announcement Friday, the French ocean carrier said the program was
part of “a continued effort to provide its customers with the same
reliable and efficient services to which they are accustomed.”
Effective March 1, from North Europe to the Far East, the rate for all
paper and plastic waste commodities will increase $200 per 40-foot
equivalent unit. From India to Europe, the Western and Eastern
Mediterranean, rates will increase $250 per 20-foot container and $500
per FEU and 40-foot high cube.
Effective March 15, from Pakistan to Europe, the Western and Eastern
Mediterranean, rates will go up $250 per TEU and $500 per FEU and
40-foot high cube.
Effective April 1, from North Europe and Mediterranean to Australia and
New Zealand, rates will rise $200 per TEU and $400 per FEU.
From the Western and Eastern Mediterranean, Black Sea and North Africa
to the U.S. East Coast trades, rates will increase $300 per TEU and $400
per FEU.
From North Europe to the East Coast of South America, rates will rise
150 Euros or $204 per TEU. From North Europe to Mexico, rates will rise
$300 per TEU and $400 per FEU.
From the East Coast of South America to the Mediterranean, the Middle
East Gulf and North Europe, rates will go up $200 per dry TEU and $250
per reefer TEU.
From Asia to West Africa, rates will increase $250 per TEU.
From Europe to the Indian Ocean, rates will increase 250 Euros or $340
per TEU.
From all origins except Europe to the Indian Ocean, rates will increase
$350 per TEU.
Source: Journal of Commerce
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