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CMA CGM hikes S America-Europe, Red Sea rate US$250/FEU April 1

FRENCH shipping giant CMA CGM has announced a rate increase for cargo from South America to Europe including the Baltic, Mediterranean and Red Sea ports.

Described as a Rate Restoration Programme, the increase of US$200 per TEU and $250 per FEU and 40-foot high cube will apply from April 1
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