French ocean carrier CMA CGM has announced a new Rate Restoration Initiative (RRI) that will take effect on 1 November 2024.
This adjustment will impact cargo shipments from specific locations in Canada to destinations in the Indian Subcontinent, Middle East Gulf, Red Sea, China, Hong Kong & Macau SAR, and across North and Southeast Asia.
For shipments originating from the Canada West Coast and destined for the Indian Subcontinent, Middle East Gulf, and Red Sea, the rate increase will be set at US$200 for 20-foot containers and US$400 for 40-foot containers. The initiative applies to dry cargo, excluding Open Top, Flat Racks, and Tanks.
In addition, for cargo leaving from Canada’s port of Halifax to China, Hong Kong & Macau SAR, and North and Southeast Asia, the new rates will be US$100 for 20-foot containers and US$200 for 40-foot containers. This initiative also applies to dry cargo, excluding Open Top, Flat Racks, and Tanks.