PARIS (Reuters) – French shipping group CMA CGM will increase its container shipping rates from Asia to the Mediterranean region from January 15, in some cases by doubling the prices applied on January 1, perhaps we read on its website Tuesday.
Thus, and until further communication, CMA CGM’s FAK (Freight All Kinds) rate for a 40-foot (12-meter) container between Asia and the Western Mediterranean will be $6,000, compared to $3,000 on January 1.
Prices for shipments to the Eastern Mediterranean, Adriatic, Black Sea and Syria will also rise sharply.
Contacted by Reuters, a CMA CGM spokesperson declined to provide further details on these price increases.
Although CMA CGM is not listed on the stock exchange, companies that are have seen their shares rise since the attacks carried out by Yemen’s Houthi rebels against ships in the Red Sea, with the lengthening of routes expected to result in an increase in prices. freight rate.
The group, the spokesperson added, has nothing to add since it announced last week that it plans to gradually increase the number of ships transiting the Suez Canal, while standing ready to reassess and adjust plans if necessary.
Danish rivals Maersk and German Hapag Lloyd both announced on Tuesday that they would continue to avoid the Red Sea until further notice.
(Report by Sybille de La Hamaide, French version by Kate Entringer and Gaëlle Sheehan)
Copyright © 2024 Thomson Reuters