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Monday, 13 June 2011 00:00 - - {{hitsCtrl.values.hits}}
Global giant CMA CGM Group last week announced a new rate restoration program effective July 1st 2011.
From Asia (including Bangladesh and Sri Lanka) to North Europe (including UK and Baltic countries):
In response to the on-going deterioration of revenues on the Asia - North Europe Trade, CMA CGM Group has decided to implement as from 01/07/2011 a “Rate Restoration” of USD 275 per TEU* applicable on all shipments from Asia (including Bangladesh and Sri Lanka) to North Europe (including UK and Baltic countries).
CMA CGM said further adjustments might follow at a later stage to raise our revenues at a sustainable level again.
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