CMA CGM hikes China-West Africa rate US$500/TEU September 17

FRENCH shipping giant CMA CGM has informs customers of a US$500 per TEU rate increase on cargo from China to Africa effective September 17.

Called a "General Rate Restoration", the increase - $500 per TEU and $1,000 per FEU - affects cargo from mainland China and Taiwan to West Africa and equally applies to dry, reefer, OOG and breakbulk cargo.