© Rogerashford | felixstowe_23058847
Port of Felixstowe with a full moon © Rogerashford.

CMA CGM has announced that it will increase its 40ft FAK rate from North Europe to Asia to $850 from 1 November.

The first adjustment this year by the French carrier of its backhaul rates could coincide with what European exporters fear: a severe capacity crunch as a consequence of the vast number of blanked westbound voyages this month.

These were a result of the Chinese Golden Week factory shutdown this week and particularly soft forward demand forecasts.

Additionally, Maersk and MSC decided ...

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