CMA CGM Group has announced a new rate restoration programme that it plans to impose from July 1. The French line said in a statement that in response to the on-going deterioration of revenues on the Asia-North Europe Trade, the CMA CGM Group will hike rates by US$275 per TEU on all shipments from Asia (including Bangladesh and Sri Lanka) to North Europe (including UK and Baltic countries).
The line warned that "further adjustments might follow at a later stage to raise our revenues at a sustainable level again".
Other rate hikes were:
- Asia-East Coast of South America, and Asia-West Coast of South America, Central America and Mexico - $500 per TEU; - Asia-Caribbean and Panama - $490 per TEU/$700 per FEU; - Asia-Mozambique (including landlocked countries serviced via Mozambique corridors) - $200 per TEU on all shipments; - North Europe-Mexico Gulf, for all shipments except reefers - $150 TEU/$225 FEU; - Pakistan and India-North Europe and Mediterranean - $250 per TEU/$500 per FEU; - Arab Gulf -North Europe and Mediterranean - $150 per TEU/$250 per FEU.
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