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            november 21, 2019

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CMA CGM levies 2-way rate hikes between Mediterranean and Asian ports


French shipping giant CMA CGM has announced two rate hikes, US$150 per unit from Mediterranean ports to Asia from June 1, and $100 per TEU on cargo from Asia to the Red Sea from May 12.
The east bound rate restoration covers the west Med, Adriatic, east Med and Black Sea for cargo bound for the Far East, including Japan, India, Gulf and Red Sea ports.
The westbound increase covers all Asian ports, excluding Japan, for cargo bound for Jeddah (Saudi Arabia), Ain Sokhna (Egypt), Aqaba (Jordan), Djibouti, Port Sudan (Sudan) and Aden (Yemen), according to Shipping Gazette.

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