CMA CGM Hikes Shipping Rates Between Asia and Mediterranean

January 2, 2024

© Björn Wylezich / Adobe Stock
© Björn Wylezich / Adobe Stock

Unlisted French shipping group CMA CGM increased its container shipping rates from Asia to the Mediterranean region by up to 100% as of Jan. 15 compared to Jan. 1, it said on its website on Tuesday.

A CMA CGM spokesperson declined to provide further details on the rate hikes when contacted by Reuters.

Shares in shipping companies have risen since attacks by Yemen-based Houthi militants on some vessels in the Red Sea on expectations that longer routes will result in higher freight rates.


(Reuters - Reporting by Sybille de La Hamaide, editing by Tassilo Hummel)

Logistics News

Singapore Maritime Foundation Hosts MaritimeONE Scholarship Award Ceremony 2025

Singapore Maritime Foundation Hosts MaritimeONE Scholarship Award Ceremony 2025

Great Circle Group Expands Marine Technology Services to Cape Cod

Great Circle Group Expands Marine Technology Services to Cape Cod

OPCSA Orders Eight Hybrid Konecranes RTG Cranes

OPCSA Orders Eight Hybrid Konecranes RTG Cranes

Adani Group Refuses Sanctioned Vessels at its Ports

Adani Group Refuses Sanctioned Vessels at its Ports

Subscribe for Maritime Logistics Professional E‑News

Union Pacific CEO talks to Trump about $85 billion plan for Norfolk
Via, a transit technology company, is valued at $3.5 Billion as its shares drop in the NYSE debut
Data shows that a ship carrying Russian oil with Adani banned switches to an Indian port