News / CMA CGM hikes rates even as record ultra-large newbuild tonnage sails in

© Darryl Brooks |

CMA CGM yesterday followed Maersk’s shock price announcement on Monday with a big hike in its Asia-North Europe rates.

The French carrier said from 1 August it would increase its 20ft FAK rate to $1,075 and its 40ft rate to $1,950, which compares with the $1,025 and $1,900 proposed increases by Maersk for 31 July.

Meanwhile, Maersk and 2M partner MSC have announced that this week’s sailing of the 19,462 teu MSC Rifaya from Shanghai on 8 July on the AE55/Griffin loop ...