CMA CGM, a major shipping line, has announced changes to their rates and surcharges that could impact your bottom line.
Here’s the breakdown:
Asia to North Europe: Expect to pay more for your freight! CMA CGM raised their FAK rates for all container sizes (20′ and 40′) going from Asia to major European ports (including UK, Portugal, and all the way to Finland). New prices start from May 1st, 2024.
20’GP 40’GP/40’HC/40’REEFER Asia to North Europe US$2,200 US$4,000 Asia to Mediterranean: Shipping to the Mediterranean from Asia is also getting pricier.
From Asia to 20′ 40’/40’HC West Mediterranean US$3,800 US$5,200 Adriatic US$3,900 US$5,300 East Mediterranean US$3,900 US$5,300 Black Sea US$4,000 US$5,400 Algeria US$5,100 US$6,800 Tunisia US$4,600 US$6,200 Libya US$5,000 US$6,700 Morocco US$4,600 US$6,100 Peak Season Surcharges: CMA CGM is adding peak season surcharges to cover increased demand on certain routes. These surcharges apply to dry cargo (non-refrigerated) and vary depending on the origin and destination:
- China to West Africa: Surcharges range from US$150 to US$450 per TEU (depending on origin and destination within West Africa)
- North & Central or South China/Southeast Asia to West Africa: Surcharges range from US$150 to US$500 per TEU (depending on origin and destination within West Africa)
- South Korea to West & Central Africa: US$100 surcharge per TEU
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