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CMA CGM raising rates

   The liner carrier CMA CGM said Friday it plans to raise rates on a number of trades on July 1.
   The increases are:

  • $300 per 20-foot container and $400 per 40-foot container from Northern Europe to the U.S. East Coast and Canada.
  • $250 per 20-foot container and $350 per 40-foot container from the Mediterranean to the U.S. East Coast.
  • $250 per 20-foot container and $300 per 40-foot container from Northern Europe to Mexico.
  • $300 per container from India and Pakistan to Northern Europe and the Mediterranean.
  • 200 euros from the Mediterranean to the east coast of South America.
  • $300 per TEU from Asia to New Zealand.
  • $150 per 20-foot container, $250 per 40-foot or 40-foot high-cube container from Northern Europe to the Red Sea and Persian Gulf.

   CMA CGM said it will also assess a peak season surcharge on the eastbound transpacific from June 10 in line with recommendations from the Transpacific Stabilization Agreement.
   The surcharges are:

  • $480 per 20-foot container.
  • $600 per 40-foot container.
  • $675 per 40-foot high-cube container.
  • $760 per 45-foot high-cube container.
  • $960 per 53-foot high-cube container.

   A separate peak season surcharge from the Indian Subcontinent to the U.S. East Coast will also be assessed on dry and refrigerated containers from June 10. Those surcharges are:

  • $360 per 20-foot container.
  • $450 per 40-foot container.
  • $510 per 40-foot high-cube container.

   Finally, CMA CGM said it will hike rates by $250 per TEU from Asia to East Africa from June 1. – Eric Johnson