French carrier CMA CGM will implement a general rate increase for cargo moving on its services from India to destinations in West Africa, effective Sept. 1.
The proposed increases are $250 per 20-foot container and $500 per 40-foot/high cube container.
In a notice to the trade, the Marseilles-based company said the GRI will apply to all cargo and commodities, and is necessary to provide reliable service to customers.
The move follows similar rate increase announcements by Maersk Line and its subsidiary Safmarine, also effective Sept. 1.
In other news, carriers in the Asia-Australia Discussion Agreement announced plans to seek further rate increases on cargo shipped from China and Hong Kong to Australia.
The planned increases will be $300 per TEU and $600 per FEU for dry and refrigerated containers as of Sept. 1.
The 12-member group earlier implemented a similar rate restoration initiative, as of Aug. 1, followed by a peak-season surcharge of $250 per TEU and $500 per FEU on the route, starting Aug. 15.
The AADA includes ANL Singapore, China Shipping Container Lines, Cosco, Hamburg Sud, Hanjin Shipping, Hyundai Merchant Marine, "K" Line, Mediterranean Shipping Co., MOL, NYK Line, Orient Overseas Container Line, Gold Star Line (Hong Kong) and Zim Integrated Shipping Services.
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