CMA CGM hikes rates on Asia-Europe service

CMA CGM Group has announced a new rate restoration program, effective July 1st, 2011, on its services from Asia to N. Europe, S. America, the Group said.


The company says: "in response to the on-going deterioration of revenues on the Asia - North Europe Trade, CMA CGM Group has decided to implement as from 01/07/2011 a “Rate Restoration” of USD 275 per TEU* applicable on all shipments from Asia (including Bangladesh and Sri Lanka) to North Europe (including UK and Baltic countries).


Further adjustments might follow at a later stage to raise our revenues at a sustainable level again.
(Source:http://en.portnews.ru)