CMA CGM ups Asia Europe freight rate US$950/TEU December 14
FRENCH shipping giant CMA CGM has announced that a US$950 per TEU rate increase for cargo from Asia to north Europe will go into effect December 14.
It had been previously announced that a "general rate restoration programme" would go into effect on December 1.
For the purposes of this notice, Asia includes Japan, southeast Asia and Bangladesh and northern Europe ranges from Portugal, the UK to Russia.