CMA CGM to push up South America rates

After four months of pausing increases in freight rates, CMA CGM has now announced fresh push-ups take will take effect on 15 February and will be applied in shipments to and from the East Coast of South America.

Firstly, the French shipping line will set a Freight All Kinds (FAK) rate increase to all containers that will be transferred from the ports of Santos, Paranagua, Buenos Aires, Montevideo, Vila do Conde, Fortaleza, Natal, Rio Grande, Itaguai and Itajai, to the European destinations of Rotterdam, Hamburg, Antwerp, Le Havre, Genoa, and Valencia.

The increase that will be imposed to all 20', 40', high cubes, reefers, dry, out of gauge and breakbulk cargoes, will be US$3,000 per container, forming the new prices as follows:

Furthermore, the Marseille-based carrier will push up its FAK rates for sailings travelling from the European ports of Antwerp, Hamburg, Rotterdam, Genoa, Constanza, Valencia and Barcelona, to Brazil, Argentina, Paraguay and Uruguay.

After the increase of US$1,142 (€1,000) per TEU that will be applied to all 20', 40' standard, out of gauge and breakbulk boxes, the new prices will be the following:

Another FAK rate increase will be set by CMA CGM on containers transferred from Nhava, Mundra and Karachi in the Indian Subcontinent, to the Latin American ports of Santos, Montevideo and Buenos Aires.

The rate increase that will be applied to the aforementioned type of cargoes will be US$2,000 per container, forming the new prices as follows:

Source: Container New


Related News

Port of Savannah achieves box volume records amid major expansion projects
Port of Savannah achieves box volume records amid major expansion projects

The Port of Savannah in Georgia, US has handled 4.75 million TEU in the ten months of the fiscal year 2022 (July 2021 - June 2022), which translates to an 8% increase compared to the same period in the previous year.

THE Alliance to drop Savannah port calls
THE Alliance to drop Savannah port calls

The Alliance, which comprises Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced it will temporarily remove calls at the Port of Savannah from its East Coast 2 Loop (EC2) service rotation.

Import containers to be fumigated as Australia enforces Khapra beetle rules
Import containers to be fumigated as Australia enforces Khapra beetle rules

Regulations requiring import containers from 40 countries across Europe, Asia, the Middle East and Africa to be fumigated to prevent the migration of Khapra beetles into Australia will be enforced from today.


main.add_cart_success