CMA CGM boosts rates on eastbound TP, other trades

 
   The liner carrier CMA CGM said Wednesday it will raise rates on the eastbound transpacific in line with recommendations made by the Transpacific Stabilization Agreement, among a host of planned rate hikes over the next three months.
   The proposed increases on the eastbound transpacific include:
  • From Asia to all U.S. destinations (including intermodal), $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, $380 per 45-foot container, and $480 per 53-foot container from March 15; then $400 per 20-foot container, $500 per 40-foot container, $565 per 40-foot high-cube container, $635 per 45-foot container, and $800 per 53-foot container from May 1.
  • From Asia to Canada, $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container, $510 per 45-foot container from March 15; then $560 per 20-foot container, $700 per 40-foot container, $790 per 40-foot high-cube container, $890 per 45-foot container, and $1,120 per 53-foot container from May 1.
   In another trade involving North America, the proposed increases are:
  • From the United States to Australia and New Zealand, $150 per 20-foot container and $300 per 40-foot container, from April 1.
   Other planned increases include:
  • From India and the Middle East Gulf to East Africa (Mombasa and Dar Es Salam), $250 per TEU from March 1.
  • From Asia to East Africa (Mombasa and Dar Es Salam), $200 per TEU from March 15.
  • From Asia to the west coast of South America, Central America West Coast and Mexico, $400 par TEU from March 15.
  • From Asia to the Caribbean, $560 per 20-foot container, and $800 per 40-foot or 40-foot high-cube container, from March 15. 
  • From Asia to the east coast of South America, $600 per TEU from March 15.
  • From Northern Europe to the west coast of South America, 150 euros per TEU from March 15.
  • From Northern Europe to the Caribbean, east coast of Central America, and the north coast of South America, 150 euros per TEU from March 15.
  • From Northern Europe to India and Pakistan, $150 per 20-foot container and $200 per 40-foot container for dry cargo from April 2. — Eric Johnson
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