CMA CGM accents reefers in rate hikes for August, September, October

FRANCE's largest carrier CMA CGM, the world's third largest carrier, has announced a series of freight rate increases, to take effect from August to October with big jumps in the refrigerated sector.

The carrier said it "appreciates that this is a significant increase" so will "continue investing in refrigerated assets" to cater for customers' requirements.

From August 11, rates for cargo from west Mediterranean (Algeciras, Naples, Genoa, Livorno, Marseille-Fos, Barcelona and Valencia) to west coast of South America (Chile, Peru and Ecuador) will increase EUR300 (US$371.81) per TEU.

From August 15, rates for refrigerated cargo from Asia to Europe and Mediterranean, including north Africa and Black Sea region, will be up US$400 per TEU and $800 per 40-foot reefer high cube (RH) box.

From September 15, rates for shipments from North Europe (Baltic, Scandinavian, UK/Ireland, Continental, Atlantic Spanish and Portuguese ports) to west coast of South America will increase EUR300 per TEU, EUR600 per FEU and 40-foot high cube.

From October 1, rates for refrigerated cargo from the US to Asia will go up $711 per reefer TEU and $1,000 per 40-foot reefer high cube.

Additionally, adjusted new freight rates for citrus and protein cargo for services from the US to Asia will be as follows:

In regard to citrus cargo, the rates from US west coast to Hong Kong will be $3,600 per 40-foot reefer high cube and a destination THC box. For citrus cargo from US west coast to China, the rates will be $3,900 per 40-foot RH box.

Concerning protein cargo, the rates from US east coast to Hong Kong will be $3,500 per 40-foot reefer high cube and destination THC boxes, while from US east coast to China will be $3,800 per 40-foot reefer high cube.