CMA CGM rate hike on N Europe to Asia & Middle East routes

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