FRENCH shipping giant CMA CGM has announced intra-Asia and African rate increases and a low water surcharge that applies to cargo in eastern Canada
FRENCH shipping giant CMA CGM has announced intra-Asia and African rate increases and a low water surcharge that applies to cargo in eastern Canada. The rate increase - US$200 per TEU and $400 per FEU - is effective August 1 and applies to cargo from China, South Korea, Taiwan, Southeast Asia and Bangladesh bound for Kenya and Tanzania.
There will also be new FAK rates on cargo originating in India and Pakistan bound for north European and Mediterranean base ports from August 1.
Again new FAK rates will apply on cargo from Asia to Red Sea ports at $300 per TEU from South Korea, Taiwan, southeast Asia and Bangladesh to Kenya and Tanzania.
CMA CGM also announced a low water surcharge from North Europe to Canada's east coast and from east coast Canada to north Europe of $150 per container regardless of size. Again from August 1.
