Feb.26--FRENCH shipping giant CMA CGM has announced a series of rate increases totalling US$600 on CIMEX Lines from Asia to Middle East ports, but starting with $100 per TEU increase on March 1.
Effective March 15, again from Asia to all Middle East ports another $100 per TEU will be added to the rate.
Effective April 1, again from Asia to all Middle East ports, a new sum of $200 per TEU will be added.
Effective April 15, from Asian to all Middle East ports, another $200 per TEU will be added.
(Source:shippingazette)