CMA CGM announces rate restoration for US export cargo

Marseilles:  CMA CGM Group announces it has decided to restore freight rates in the Transpacific and Transatlantic trades to a more sustainable level. New rate increases will apply to all US export cargo moving to Asia and to Europe, effective September 1. 
 
Transpacific increases will be: 
-$ 150 per TEU and $ 300 per FEU for cargo ex US Houston and Mobile Terminals
-$ 25 per TEU and $ 50 per FEU for cargo ex US east and west coast ports
-$ 50 per TEU and $ 100 per FEU for cargo ex US IPI origins
 
Transatlantic increases (North Europe and West Med) will be:
-$ 240 per TEU and $ 300 per FEU for CY/CY and IPI cargo
 
"We have implemented a rate restoration on these trades to be able to ensure the high level of reliability our customers have come to expect, sustain of our services, and to maintain viable presence in the long term." explains Jean-Philippe Thénoz, Vice President North America Lines, CMA CGM Group.  [11/08/09]