Ocean carrier CMA CGM of France announced a general rate increase.
French ocean carrier CMA CGM will increase rates from India, Pakistan and Sri Lanka to North Europe, Scandinavia, the Baltic, the Mediterranean Sea, the Black Sea, North Africa, Central America, the Caribbean and South America effective March 3.
Rates will increase by $300 per TEU for dry and reefer cargo; and $600 per forty-foot container for dry and reefer cargo.