CMA CGM’s Asia-Europe rate increase plans

   The liner carrier CMA CGM said Thursday it plans to continue increasing rates on the Asia-Europe trade in both directions.
   On the westbound headhaul, the line will seek rate increases of $408 per 20-foot container and $806 per 40-foot container through a mix of increased or added surcharges and an “emergency revenue increase” of $300 per TEU.
   The breakdown of the total increase is:

• The existing interim fuel surcharge of $550 per TEU will be increased by $30 per TEU.
• An Aden Gulf surcharge of $54 per TEU will be reinstated.
• A Suez Canal surcharge will be reinstated and increased to $14 per TEU.
• A container security fee of $10 per container will be reinstated. 
• The emergency revenue increase of $300 per TEU will be added on top of all quotations. 

   The increases, which go into effect April 1, are applicable to all types of cargo from all Asian origins, including Japan, Bangladesh, and Colombo, and all European destinations (including Med ports in North Africa).
   Meanwhile, CMA CGM also said it will hike eastbound Northern Europe-to-Asia backhaul rates by $100 per TEU from March 19. The increase applies to dry and low value commodity cargo.