Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Latest CMA CGM rate boost: Europe, Australia and NZ

Marseilles: French Container Line CMA CGM has announced an increase in freight rates in the Europe to Australia and New Zealand in order to "restore freight rates to a sustainable level." The move follows in the footsteps of a similar rate hike on trade between India/Pakistan and Europe by the carrier last week.

The increase quantum for the Europe to Australia and New Zealand trade will be as follows:

Southbound from Europe to Australia and New Zealand:
$300 per teu, effective September 15, 2009

Northbound from Australia and New Zealand to Europe:    
$200 per teu, effective September 15, 2009

The company added that since August 15, 2009, an increase of $175 per teu has also been applied to all cargo moving southbound from the US East Coast and the US Gulf Coast to Australia and New Zealand.  [24/08/09]
 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish