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CMA CGM Stops Increase in Ocean Freight Rates for Spot freight

This action will be applicated from Thursday, September 09th, 2021 and will be current to February 1st, 2022.

CMA CMG Detiene incremento a tarifas marítimas

It’s a reality that since the biggening of this 2021, the maritime rates of spot freight in the maritime transport of containers have been in a constant increase month after month.

In the last 12 months, this increase represents an upswing of the 443%where the rates have been shot from 2.251 dollars/TEU on September 2020 to the actuals 9.987 dollars/TEU.

The pandemic for COVID-19 brought as a consequence a dramatic suspension of the economic activity during several months. At the beginning of the reactivation of the global economy it generates a notable imbalance between the demand and the effective capacity of the sea transportation provoking an historic congestion in the principal ports of international charge.

The prognostic tells us that maritime rates will continue to trend upwards over the coming months, which is why the French shipping group has decided to suspend any additional increase in spot for all services operated under its brands (CMA CGM, CNC, Containerships, Mercosur, ANL, APL), in order to prioritize its long-term relationship with customers in the face of an unprecedented situation in the shipping industry.

This Group has also increased the capacity of its operated fleet by 11% since December 31th, 2019, through the incorporation of new vessels and the purchase of second-hand vessels.
Additionally, over the course of the last 15 months, it has also grown its fleet of 20-foot containers to 780,000 units.

Grupo BISA – Sales Team

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