News / CMA CGM price cut shocks rival box carriers trying to push up rates

The Danaos-owned CMA CGM Rabelais © Atgimages

CMA CGM has shocked the market by reducing Asia-North Europe FAK rates at a time when most carriers are trying to drive them up.

The French carrier published new FAK rates today of $1,000 for a 20ft container and $1,800 for a 40ft.

Valid from 24 September – “until further notice but not beyond 14 October”– they are down from $1,100 and $2,000, respectively.

For a 40ft high-cube and 40ft reefer, rates are reduced from $2,050 to $1,850.

Meanwhile, container spot rates from Asia to North Europe as recorded by Drewry’s ...