CMA CGM announces rate increase on all origins and destinations

CMA CGM has decided on a general rate increase on all services and essentially Asia to Europe, Asia to Mediterranean sea, India/Pakistan to Europe and Asia to South America.

The present rates and the trend on the main Far East to Europe trades have been deteriorating to a level which is no longer sustainable.

To continue provide its valued customers with the same reliable and efficient services CMA CGM has done till now, the Group has decided to increase its freight rates on westbound and eastbound trades as of April 1st, 2009.

The rate increase will be communicated on March 1st, 2009.

About CMA CGM
Led by its founder Jacques R. Saadé, CMA CGM is currently the world’s third largest container shipping company and is ranked number one in France. Operating a fleet of 400 vessels, including 100 company-owned, the Group serves 400 ports of call around the world. In 2007 it carried a total of 7.7 million TEUs (twenty-foot equivalent units). With a presence on every continent and in 150 countries through its network of 650 agencies, the Group employs 16,500 people including 4,200 in France.

CMA CGM