CMA CGM: rate hike on Asia/Europe trades

6/6/2009 9:46:52 AM

CMA CGM said it intends to implement a rate restoration on Asia/Europe trades on July 1.   Rates will be raised $300 per TEU on all cargo and commodities moving westbound from Asia to Europe.   Additionally, CMA CGM will on the same date resume separately invoicing the bunker adjustment factor (BAF) from the freight rate.   On July 1 the applicable BAF on the Asia to Europe trade will be increased to $333 per TEU from $281 per TEU. CMA CGM also said it may implement peak season surcharge on the same trade Aug. 1.   American Shipper

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