Ocean carriers Maersk Line and CMA CGM announced general rate increases.
Ocean carriers Maersk Line and CMA CGM issued general rate increases.
Maersk Line will increase rates from China, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Cambodia and Taiwan to Brazil, Argentina, Uruguay and Paraguay effective March 1. Rates will increase by $850 per TEU; and $1,700 per forty-foot container and 40-foot high cube dry and reefer containers. Rates will also increase by $850 per 20-foot non-operating reefer containers.
CMA CGM will increase rates from the Indian Subcontinent and Middle East to West Africa Central and South range ports for all cargo effective March 1. Rates will increase by $300 per container.
The French ocean carrier will also increase rates from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all Northern European ports (including the United Kingdom and the full range from Portugal to Russia) for all cargo effective March 1. Rates will increase by $900 per TEU.
GRI Roundup: Maersk Line and CMA CGM
