CMA CGM hikes rates on PEX2 service

Global liner operator said it will implement General Rate Increase for all cargo moved from Asia to Panama, the Caribbean and Cubaon PEX2 service. CMA CGM informs the following rate increase will be effective as of August 1st, 2017 (on board date):

From Asia
To Panama, all Caribbean and Cuba
USD 1,050 per 20'
USD 1,500 per 40'
USD 1,500 per 40' HC.

Marseille, France headquartered CMA CGM is the world’s third largest container shipping company and ranked number one in France. The Group was founded and is led by Jacques R. Saadé. Its 536 vessels call more than 420 ports in the world, on all 5 continents. In 2015, they carried 18  million** TEUs (twenty - foot equivalent units).  CMA  CGM  has  grown continuously,  and  has  been  constantly  innovating  to  offer  its  clients  new  sea, land and logistics solutions.  With a presence in 160 countries, through its 600 agencies network, the Group employs 29,000*  people worldwide, including 2,400 in its headquarter in Marseilles.