CMA CGM raises rates US$150/TEU and $300/FEU on India-Europe service

CMA CGM is imposing a general rate increase (GRI) on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, the French carrier`s second GRI in a month and the third this year.

The new increases on dry and reefer shipments, which come into effect on April 2, will be US$150 per TEU and $300 per FEU.


The shipping line said the move is based on its decision to restore freight rates from India to North Europe, the Mediterranean, Baltic, Black Sea and North Africa to a "sustainable" level.


The French shipping group earlier boosted rates on the Epic with a $200 per TEU and a $400 per FEU GRI that took effect on February 1 followed by another hike of the same amount one month later.