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            october 21, 2019

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CMA CGM to raise freight rates on major trade lanes


French shipping giant CMA CGM has announced that it will increase rates on major trade lanes from January 1.
From Asia to North America, the fee will be US$320 per TEU, $400 per FEU, $450 per 40-foot high-cube or reefer and $510 per 45-footer.
From Asia to all ports in Europe, the fee is $250 per TEU.
To South America and the west coast of Central America, the fee is $400 per TEU.
To Panama and the Caribbean (except for the French West Indies and Guyana), the fee is $280 per TEU and $400 FEU.
To West Africa, the fee is $250 per TEU. It will also carry out an AWATA-recommended $200 peak season surcharge from January 10 through February 1.
From West Africa to the Far East, Middle East and India, the rates will be increased $100, according to the Shipping Gazette. 

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