Home » Maritime » CMA CGM to impose rate hikes and surcharges in August

Despite a sector overcapacity that is pushing down freight rates, CMA CGM plans to levy peak season surcharges, rate increases, and overweight surcharges beginning August.

The Marseille-based carrier will levy a peak season surcharge on the Asia-North Europe trade from August 1. A surcharge of $250 per 20-foot container will be imposed from all Asian ports, including Japan, Southeast Asia, Sri Lanka and Bangladesh to North Europe, including the UK and Baltic, and the full range from Portugal to Russia.

A peak season surcharge of $25 per TEU will also be implemented from August 1 from Asia to Mediterranean routes, including the Black Sea, Adriatic, and East Mediterranean. A similar surcharge of $25 per TEU will apply on the Asia to North Africa lane.

Rate hikes under CMA CGM’s “rate restoration program” for the Asia-Mediterranean trade also begin on August 1. A rate increase of $250 per TEU will be applied from Asia, including Japan, Korea, Taiwan, China, Hong Kong, and Southeast Asia, to the Mediterranean, including the Black Sea, North Africa, West Mediterranean, Adriatic, and East Mediterranean.

And because of the “huge demand in heavy cargo” moving from Asia to the Mediterranean, overweight surcharges will be applied on this trade effective August 1, the CMA CGM said.

The overweight surcharges are as follows:

• From Asia to Black Sea, East Mediterranean and North Africa: $200 per TEU weighing over 20 gross tons, and $275 per TEU of over 26 tons

• From Asia to West Mediterranean and Adriatic: $50 per TEU weighing over 20 tons

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