CMA CGM announces rate hikes for shipments from Asia to the Mediterranean and North Africa
1 month ago
CMA CGM announces rate hikes for shipments from Asia to the Mediterranean and North Africa
Starting December 1, 2024, and continuing until further notice, CMA CGM, the French shipping giant, will implement updated Freight All Kinds (FAK) rates for shipments originating from major Asian ports and heading to primary Mediterranean base ports. These new rates will apply to dry containers, out-of-gauge (OOG) cargo, and paying empties.
The revised rates are as follows:
• West Mediterranean: $4,500 for 20-foot containers and $6,500 for 40-foot or high-cube containers.
• Adriatic, East Mediterranean, and Black Sea: $4,600 for 20-foot containers and $6,600 for 40-foot or high-cube containers.
• Algeria: $5,100 for 20-foot containers and $7,900 for 40-foot or high-cube containers.
• Libya: $4,900 for 20-foot containers and $7,500 for 40-foot or high-cube containers.
• Tunisia: $5,000 for 20-foot containers and $7,600 for 40-foot or high-cube containers.
• Morocco: $4,200 for 20-foot containers and $6,700 for 40-foot or high-cube containers.
Source: Container News