Three major container carriers plan to raise rates on shipments from India to ports in East/West Africa, starting April 1.
Geneva-based Mediterranean Shipping Company will impose a rate increase of $200 per 20-foot container on trade from India to East Africa.
Middle East carrier Emirates Shipping Line will also hike rates on cargo moving from the Indian subcontinent to East Africa by $200 per TEU.
French carrier CMA CGM said it will apply an increase of $100 per TEU and $200 per FEU on all cargo from India to West Africa. “In order to maintain the high level of reliability and efficiency of our services to meet the needs of customers, CMA CGM Group has decided to implement a rate increase,” CMA CGM India said.
The rate restoration move follows a $100 per TEU and a $150 per FEU increase announcement by Maersk Line on India-West Africa trade lanes, also effective April 1.