12.8 C
Hamburg
Tuesday, June 10, 2025
Home Most Visited - Newsletter CMA CGM halts all spot rate increases until 1 February

CMA CGM halts all spot rate increases until 1 February

CMA CGM Group has decided to put any further increases in spot freight rates on hold for all services operated under its brands, CMA CGM, CNC, Containerships, Mercosul, ANL and APL.

This measure is effective from 9 September 2021 and will last until 1 February 2022, according to the company’s announcement.

Since the beginning of 2021, container shipping spot freight rates have continued to rise due to port congestion and the major imbalance between demand and maritime container transport effective capacity, according to the French carrier, which however took this decision, because it “is prioritising its long-term relationship with customers.”

Additionally, CMA CGM said it is investing heavily to strengthen its service offering, as the group has increased the capacity of its operated fleet by 11% since 31 December 2019, through the addition of new vessels and the purchase of second-hand vessels.

Over the last 15 months, the Marseille-based shipping line has also increased its container fleet by 780,000TEU.





Latest Posts

Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...
error: Content is protected !!