CMA CGM and Maersk decided on a general rate increase on all services and essentially on routes such as Asia-Europe, Asia-Mediterranean, India/Pakistan to Europe and Asia to South America.
CMA CGM, France"s number one and the world"s number three container operator, has decided on a general rate increase on all services and essentially on routes such as Asia-Europe, Asia-Mediterranean, India/Pakistan to Europe and Asia to South America, according to company sources. ?The present rates and the trend on the main Far East to Europe trades have been deteriorating to a level which is no longer sustainable,? says the company statement.
While the revised rates on both westbound and eastbound trades will come into force from April 1, the announcements in this regard will be made on March 1, the statement adds.
Meanwhile, Maersk Line, the world"s number one container operator, too has announced general rate increase on transatlantic trade. The rate increase, to be effective from April 1, will be as follows:
$160 per 20ft dry container and $220 per 40ft container/high cube/45ft/reefer container between Northern Europe and the East Coast and Gulf Coast of North America, $200 per 20ft dry container and $300 per 40ft container/high cube/45ft/reefer container for services between Northern Europe and West Coast of North America.
The increases apply equally to all Eastbound and Westbound cargo moving between the US, Canada and Northern Europe.
Maersk Line has also announced a series of enhancements and adjustments in its Asia-Europe network, which include improved direct North and East China coverage to Turkey and Black Sea, Shanghai to Hamburg and Bremerhaven, new direct service from Korea/North China to Hamburg, from Le Havre to Southeast Asia, Hong Kong and Japan and improved Oceania coverage via Tanjung Pelepas, according to company sources.