Home » Breaking News, Maritime » CMA CGM announces rate hikes on several markets

French ocean carrier CMA CGM announced a series of general rate increases (GRIs) on various trade routes as part of its revenue restoration program.

The rate hikes are as follows:

Effective February 1:

  •  From U.S. to Far East

US$75 per 20-foot dry
$50 per 40-dry and 40-foot HC dry

Effective February 9:

  • From India and Pakistan to Europe and Mediterranean

$200 per 20-foot dry and reefer
$400 per 40-foot dry and reefer

  • From Mediterranean  to the Eastern Coast of the U.S.
    EUR200 per TEU

Effective February 15:

  • From North Europe, the United Kingdom and the Scandinavia region to the Far East (China, Japan, Korea, and Southeast Asian countries)
    $200 per container
  • From India and Middle East Gulf to East Africa (SWAX service)
    $200 per TEU
  • From West Mediterranean/Adriatic/East Mediterranean to the Far East
    $50 per container for all kind of waste, plastic, paper, metal

Effective March 1:

  • From North Europe, the United Kingdom and the Scandinavia region to the Middle East and Red Sea
    $100 per TEU
  • From Baltic countries and Russian Baltic ports to the Far East and to the Middle East + Red Sea
    $100 per TEU
  • From West Mediterranean, Adriatic and East Mediterranean to the Far East
    $100 per container
  • From West Mediterranean and Adriatic to the Middle East
    $50 per container
  • From India and Middle East Gulf to Africa (MIDAS service)
    $150 per TEU

The Marseille-based box ship will also initiate a rate restoration drive on these trades:

Effective February 1:

  • From Indian Subcontinent, Pakistan to U.S. East Coast
    $320 per 20-foot unit
    $400 per 40-foot unit
    $450 per 40-foot HC

Effective March 1:

  • From Asia to Adriatic (Mediterranean lines)
    $250 per TEU

Finally, there will be a port congestion surcharge of $250 per TEU at the Kenya and Tanzania ports (Dar Es Salam andMombasa) for containers carried on the SWAX service (from India and Middle East to East Africa). The congestion surcharge takes effect on February 1.

 

Photo by PhillipC

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