CMA CGM will raise rates on major lanes around the world in a “rate restoration program” beginning March 1 with later phases kicking in March 15 and April 1.
Effective March 1, from North Europe to the Far East, the rate for all paper and plastic waste commodities will increase $200 per 40-foot equivalent unit. From India to Europe, the Western and Eastern Mediterranean, rates will increase $250 per 20-foot container and $500 per FEU and 40-foot high cube.
Effective March 15, from Pakistan to Europe, the Western and Eastern Mediterranean, rates will go up $250 per TEU and $500 per FEU and 40-foot high cube.
Effective April 1, from North Europe and Mediterranean to Australia and New Zealand, rates will rise $200 per TEU and $400 per FEU.
From the Western and Eastern Mediterranean, Black Sea and North Africa to the U.S. East Coast trades, rates will increase $300 per TEU and $400 per FEU.
From North Europe to the East Coast of South America, rates will rise 150 Euros or $204 per TEU. From North Europe to Mexico, rates will rise $300 per TEU and $400 per FEU.
From the East Coast of South America to the Mediterranean, the Middle East Gulf and North Europe, rates will go up $200 per dry TEU and $250 per reefer TEU.
From Asia to West Africa, rates will increase $250 per TEU.
From Europe to the Indian Ocean, rates will increase 250 Euros or $340 per TEU.
From all origins except Europe to the Indian Ocean, rates will increase $350 per TEU.
The Journal of Commerce Online
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