CMA CGM Hikes India Rates

4/28/2010 10:06:36 AM

CMA CGM will seek a new general rate increase on all westbound cargo moving on its EPIC Service from India and Pakistan to Europe and the Mediterranean, starting May 10.   The planned increase will be $200 per 20-foot dry container, and $400 per 40-foot dry and high cube container.   In addition, the ocean carrier will also levy a surcharge of $150 per dry TEU on overweight containers of more than 23 tons (including the weight of the container).   The French liner earlier applied a similar GRI on the EPIC with increases of $250 per TEU and $500 per FEU as of March 1.   The Journal of Commerce Online

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