CMA CGM will seek a new general rate increase on all westbound cargo moving on its EPIC Service from India and Pakistan to Europe and the Mediterranean, starting May 10.
The planned increase will be $200 per 20-foot dry container, and $400 per 40-foot dry and high cube container.
In addition, the ocean carrier will also levy a surcharge of $150 per dry TEU on overweight containers of more than 23 tons (including the weight of the container).
The French liner earlier applied a similar GRI on the EPIC with increases of $250 per TEU and $500 per FEU as of March 1.
CMA CGM India said the increases are necessary to restore freight rates to a “sustainable level”, and to be able to provide reliable services to customers.
The move by the Marseilles-based company follows a new GRI announcement by Zim Integrated Shipping Services on the same trade lane.
Zim will increase rates on all cargo shipped from the Indian Subcontinent to destinations in the Mediterranean, the Black Sea and North Europe by $200 per TEU, as of May 15.
The planned increase will be $200 per 20-foot dry container, and $400 per 40-foot dry and high cube container.
In addition, the ocean carrier will also levy a surcharge of $150 per dry TEU on overweight containers of more than 23 tons (including the weight of the container).
The French liner earlier applied a similar GRI on the EPIC with increases of $250 per TEU and $500 per FEU as of March 1.
CMA CGM India said the increases are necessary to restore freight rates to a “sustainable level”, and to be able to provide reliable services to customers.
The move by the Marseilles-based company follows a new GRI announcement by Zim Integrated Shipping Services on the same trade lane.
Zim will increase rates on all cargo shipped from the Indian Subcontinent to destinations in the Mediterranean, the Black Sea and North Europe by $200 per TEU, as of May 15.