Marseilles: French carrier CMA CGM has announced a general rate increase for container cargo moving on its services from India to East Africa, writes the Journal of Commerce. In a notice to the trade, the carrier said the increase will be $300 per TEU, to be applied beginning February 16th, when its vessel the CC Serengeti will call at India's JNPT.
CMA CGM has stated that the rate hike is necessary to offset a substantial increase in operational costs, and be able to offer reliable services to customers. The move follows in the footsteps of the Mediterranean Shipping Company (MSC) and Emirates Shipping Line, which announced a similar increase on the route, effective 17th February. [30/01/09]
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