CMA CGM levies US$500/TEU Asia-Mideast/Gulf rate hike
September 8FRENCH shipping line CMA CGM is implementing a rate restoration programme in two successive steps during September "in order to maintain its service quality" on its China India Middle East Express (CIMEX) lines.
Effective from September 8, (B/L date), the general rate restoration (GRR) for all types of cargo transported from all Asian ports to all Middle East Gulf ports will be US$500 per TEU. Starting September 15 (B/L date), the GRR for all types of cargo from all Asian ports to all Middle East Gulf ports will be $200 per TEU.
September 8FRENCH shipping line CMA CGM is implementing a rate restoration programme in two successive steps during September "in order to maintain its service quality" on its China India Middle East Express (CIMEX) lines.
Effective from September 8, (B/L date), the general rate restoration (GRR) for all types of cargo transported from all Asian ports to all Middle East Gulf ports will be US$500 per TEU. Starting September 15 (B/L date), the GRR for all types of cargo from all Asian ports to all Middle East Gulf ports will be $200 per TEU.