French carrier CMA CGM will increase rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting July 1.
The planned increase on dry shipments will be $300 per 20-foot container and $600 per 40-foot/high cube container.
“In a continued effort to provide reliable and efficient services, CMA CGM Group has decided to restore freight rates from India to North Europe, the Mediterranean, Baltic, Black Sea, North Africa, South/Central America and Caribbean Islands to a sustainable level,” CMA CGM India said in a notice to customers.
The Journal of Commerce