Marseilles: France's CMA CGM Group has announced that as of October 1st, 2009, it will implement a 'restoration' of freight rates in the North Europe to Asia & the Middle East/Red Sea trades in order to sustain its services.
The increase quantum will be as follows:
From North Europe to Asia:
General cargo (Dry and Reefer): USD 150 per teu
Waste paper: USD 100 per feu
From North Europe to Middle East & Red Sea:
All cargo: USD 100 per teu
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