CMA CGM announces General Rate Restoration on Asia – North Europe Trade (Westbound)
The prevailing container freight rate ex Asia to North Europe having reached an unsustainable level, CMA CGM group hereby informs its valued customers of the implementation of a General Rate Restoration (GRR) of USD 650 / TEU effective from March 15th 2014.
The GRR will be applied as follows:
Origin Range: from All Asian ports (including Japan, South East Asia and Bangladesh)
Destination range: to all Northern European ports (including UK and the full range from Portugal to Russia)
Cargo: All types of equipment
Date of application: March 15th 2014, on board date
We kindly ask you to forward this message to all concerned within your organization and thank you in advance to include the above in your future calculations.