CMA CGM raising rates on Asia-Middle East trade

   CMA CGM said it plans to raise rates on several trades from Asia and the west Mediterranean in March.
   The proposed increases are:

• From Asia to the Middle East, $500 per TEU from March 1
• From Asia to Sri Lanka, Pakistan, and western India, $150 per TEU from March 1 and another $150 per TEU on March 15
• From the west Med to La Guaira and Puerto Cabello, 100 euros per 20-foot container and 200 euros per 40-foot container from March 1
• From the west Med to the west coast of South America, 50 euros per 20-foot container and 100 euros per 40-foot container from March 1