News / CMA CGM increases ocean freight rate discounts after government pressure

© Darryl Brooks

CMA CGM is to introduce even bigger discounts in ocean freight rates and broadened its scope, in response to the sharp rise in inflation hitting the purchasing power of French households.

Having announced plans for a €500 rebate at the end of last month, the French shipping giant said today it had decided to increase the freight rate reduction to €750 per 40ft container for all imports into the mainland and French overseas territories from Asia.

“Initially intended for 14 major retailers ...