CMA CGM, a prominent French shipping group, is set to implement a substantial surge of up to 100 percent in container shipping rates from Asia to the Mediterranean, effective from January 15.
According to a notice posted on the company’s website, the Freight All Kinds (FAK) rate for a 40-foot container between Asia and the West Mediterranean will rise to $6,000, a significant leap from the $3,000 rate on January 1. Similar sharp increases apply to shipments destined for the East Mediterranean, Adriatic, Black Sea, and Syria.
Denmark’s Maersk is expected to decide on Tuesday whether to resume Suez Canal routes via the Red Sea or continue rerouting vessels, following a recent attack on one of its ships.
CMA CGM’s spokesperson reiterated last week’s announcement, stating the company plans a gradual increase in vessels transiting through the Suez Canal. The company remains prepared to reassess and adjust its plans as needed in response to evolving circumstances.