CMA CGM Decides to Stop All Spot Rate Increases for 2021

CMA CGM Decides to Stop All Spot Rate Increases for 2021

CMA CGM is also investing heavily to strengthen service offerings

CMA CGM Group has decided to put any further increases in spot freight rates on hold for all services operated under its brands (CMA CGM, CNC, Containerships, Mercosul, ANL, APL).

This decision applies to spot rates and is effective immediately until February 1, 2022.

Since the beginning of 2021, container shipping spot freight rates have continued to rise due to port congestion and the major imbalance between demand and maritime container transport effective capacity.

CMA CGM is also investing heavily to strengthen its service offering.

AD Ports Group and CMA CGM to Develop New Terminal at Khalifa Port

The Group has increased the capacity of its operated fleet by 11% since December 31, 2019, through the addition of new vessels and the purchase of second-hand vessels.

Over the last 15 months, the Group has also increased its container fleet by 780,000 TEUs.

Through these measures, CMA CGM aims at strengthening its valuable customer relationships and providing support as they navigate today’s difficult supply chain challenges.

Read More: The CMA CGM Group Orders 22 New Vessels

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