[160610.EN.SEA] CMA CGM Hikes Asia Rates Twice, Adds Peak Season Surcharges

MARSEILLES-based shipping giant CMA CGM has raised rates and surcharges on a wide range of trades - and will do it again July 1.
From June 15 the French shipping line has increased rates from the Far East to Red Sea ports by US$150 per TEU and will increase rates again July 1 by $400 per TEU.

From June 15 cargo going from the west Mediterranean to the Caribbean, though not the French West Indies and Guyana, Venezuela, Colombia, Central America and the west coast of South America, will face EUR100 (US$121.79) increase in rate all containers.

On top of that, CMA CGM has already levied a peak season surcharge - from June 15 - on cargo from Asia to the Persian Gulf and Indian subcontinent of $150 per TEU as well as an Asia-to-North America surcharge of $320 per 20-foot reefer and $450 per 40-foot reefer.

Also from June 15, Asia-Med/Black Sea cargo, though not north Africa, faces a surcharge of $200 per TEU, and from July 1, another surcharge from Asia to the Persian Gulf, India and Pakistan of $100 per TEU - and this in addition to surcharges imposed in June.

There has also been a high-cube surcharge of $200 per TEU from Asia to the Persian Gulf on June 15 and another to be charge from Asia to the Indian subcontinent from June 21.

From July 1, rates will again go up $150 from Asia to the Indian subcontinent, and from Asia to the Persian Gulf by $200 per TEU on July 1.

From July 1, Vancouver-to-Asia rates will rise $160 per TEU and $200 per FEU as well as $400 per 20-foot reefer and $500 per 40-foot reefer.

From July 1, Vancouver to the Indian subcontinent rates will rise $250 per TEU, $300 per FEU as well as $400 per 20-foot reefer and $500 per 40-foot reefer.

From July 1, from Montreal to all destinations rates will rise $250 per TEU and $350 per FEU.

Source : HKSG, 16.06.10.