CMA CGM announced a range of rate increases and surcharges across its global liner network aimed at restoring revenue.
Rate news from JOC:
Carrier Profits in Reverse
Effective May 1, rates will rise by $214 per 20-foot equivalent unit from North Europe to the Caribbean, Central America and the West Coast of South America.
The French ocean carrier's “revenue restoration program” also includes the following rate increases from May 1.
From North Europe to Mexico: $150 per TEU dry.
From all Asia origins to the Red Sea: $150 percent TEU all types.
From Asia and the Indian subcontinent to the U.S. West Coast and Canada West Coast: $400 per 40-foot equivalent unit dry.
From Asia and the Indian subcontinent to the U.S. and Canada interior point intermodal serviced via West Coast ports: $600 per FEU dry.
From Asia and the Indian subcontinent to the U.S. interior point intermodal serviced via East Coast ports: $600 per FEU dry.
Effective May 9, the cost of shipping all types of 20 foot containers from New Zealand to Europe will increase $250.
CMA CGM also will introduce a peak season surcharge of $400 per 40-foot dry container effective June 15 from Asia and the Indian subcontinent to West or East coast of the U.S. and Canada West Coast.
-- Contact Bruce Barnard at firstname.lastname@example.org.