CMA CGM to reflag box ship as the French carrier eyes growing Indian market
The box carrier heavyweights appear to be increasingly romancing the Indian market, with trade indicators ...
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By Mike Wackett
CMA CGM has announced a general rate increase on all containers carried between Asian and North European ports of $950 per teu for December 1, and rival carrier Hapag-Lloyd said it would also seek an increase on the same date of $650 per teu.
No doubt these new GRI attempts will be imitated by other Asia-Europe carriers in a desperate last-ditch attempt to push freight rates back up on the beleaguered tradelane and convince investors they are on the right track ...
Comment on this article
John Roberts
November 10, 2015 at 2:43 pmAh yes, the totally outdated practise of shipping line GRIs. Isn’t it time these silly pricing folks worked out a more sensible way to make money rather than hiking up rates for a few days and catching out a few poor suckers then watching as the market rates go down on a daily basis back to where they were – or lower than they were in some cases.
I can’t think of many other cases where prices for exactly the same service fluctuate so much for no reason whatsoever. Shipping rates don’t even seem to be linked to peak times any more, it just seems to be a game of putting rates up and down continuously. In my opinion, the lines are starting to look a bit clueless and foolish when they mention enormous increases that never stick.
chas deller
November 10, 2015 at 8:42 pmK LINE just announced Dec 1 $2000 per 40ft gri on Asia-Europe