HIGHLIGHTS
- The European shipping company announced that it will apply a Peak Season Surcharge (PSS) from Mexico’s East Coast ports to Central and South America, the Caribbean, Windward and Leeward.
- Previously, after a four-month pause in rate increases, CMA CGM decided to increase rates for shipments to and from the East Coast of South America, effective February 15.
FULL ARTICLE
Recently, the European shipping company announced that it will apply a Peak Season Surcharge (PSS) from Mexico’s East Coast ports to Central and South America, the Caribbean, Windward and Leeward. The specified PSS surcharge will be around $175/TEU with a short-term contract. This regulation will take effect from February 13 this year.
Two days later, CMA CGM will introduce another PSS of US$50 for reefers and dry containers, travelling from the Caribbean to Latin America and the Caribbean.
In particular, the surcharge will be effective in shipments from Antigua & Barbuda, Aruba, Bahamas, British and US Virgin Islands, Cayman Islands, Dominican Republic, Haiti, Jamaica, Netherlands Antilles, Puerto Rico and Trinidad & Tobago, to Central and South America, Mexico, Leeward, Windward, and the Caribbean. The Marseille-based shipping company announced that this PSS will also have a short-term contract.
Previously, after a four-month pause in rate increases, CMA CGM decided to increase rates for shipments to and from the East Coast of South America, effective February 15.
The French shipping line will increase Freight All Kinds (FAK) for all containers that will be shipped from the ports of Santos, Paranagua, Buenos Aires, Montevideo, Vila do Conde, Fortaleza, Natal, Rio Grande, Itaguai and Itajai to European destinations such as Rotterdam, Hamburg, Antwerp, Le Havre, Genoa and Valencia.
This increase of about $3,000/container will be applied to all types of 20 feet containers, 40 feet containers, high cubes, refrigerated containers, dry cargo containers, and bulk cargo.
Furthermore, the Marseille-based carrier will increase FAK rates by $1,142 (€1,000)/TEU for sailing from European ports such as Antwerp, Hamburg, Rotterdam, Genoa, Constanza, Valencia and Barcelona. to Brazil, Argentina, Paraguay and Uruguay.
Higher FAK rates will also be established by CMA CGM for containers shipped from Nhava, Mundra and Karachi in the Indian Subcontinent to the Latin American ports of Santos, Montevideo and Buenos Aires. The price increase applied to the above goods will be 2,000 USD/container.
Minh Ngo
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