Home » Breaking News, Maritime » CMA CGM to apply rate hikes, surcharges from April

Marseilles-based shipping giant CMA CGM announced on March 21 its new rate restoration program.

The world’s third largest container shipping group will implement general rate increases (GRIs) from April 1 on a number of its services.

There will be a rate hike of US$200 per 20-foot equivalent unit (TEU) for its SWAX service covering the Middle East and India-East Africa route.

A $100 freight rate increase per TEU will be levied on its MIDAS service (Middle East and India-West Africa lane).

The rate on its Asia-South Africa service will go up $300 per TEU.

Effective April 15, the French box line’s ANZEX service deployed between Asia and New Zealand will be charging $300 more per TEU (dry and reefer).

Other GRIs slated from April 15 will be $500 per TEU on the Asia-West Coast South America trade lane, West Coast Central America and Mexico; $560 per TEU and $800 per 40-foot equivalent unit (FEU) on the Asia-Caribbean route; and $500 per TEU on the Asia-East Coast South America loop.

Meanwhile, surcharges are to be applied to the ocean carrier’s eastbound North Europe-Asia service, also effective April 15. To be imposed from North Europe (UK, Scandinavia, Baltic, North Continent) to Asia are a container security fee of $10 per container, a Suez Canal surcharge of $14 per TEU, and an Aden Gulf surcharge of $54 per TEU.


Photo: CMA CGM

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