CMA CGM imposed a general rate increase on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, the French carrier’s second GRI in a month and the third this year.
Effective April 2, the new increase on dry and refrigerated shipments will be $150 per 20-foot container and $300 per 40-foot container.
“In a continued effort to provide reliable and efficient services, CMA CGM Group has decided to restore freight rates from India to North Europe, the Mediterranean, Baltic, Black Sea and North Africa to a
sustainable level,” CMA CGM India said.
The Marseilles-based carrier earlier boosted rates on the Epic with a $200 per-TEU and a $400 per-FEU GRI that took effect Feb. 1, followed by another hike of the same amount as of March 1.