CMA CGM boosts Asia-Europe rates

Africa

Monday, August 20, 2012

The liner carrier CMA CGM said Friday it will raise rates on the Asia-Europe trade in both directions over the coming weeks. The line will first seek to hike westbound headhaul rates to Europe by $300 per TEU from Sept. 1. The increase is applicable from all origins, including Japan, Southeast Asia and Bangladesh, to all European destinations, including North African, Black Sea and Baltic ports. On Oct. 1, CMA CGM will raise backhaul eastbound rates to Asia by $200 pe...

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