CMA CGM Increases Freight Rates from Asia to Mediterranean and North Africa
1. CMA CGM Announces Freight Rate Increase from Asia to Med and North Africa
Starting from December 1, 2024, French shipping giant CMA CGM will implement new Freight All Kinds (FAK) rates for all shipments originating from major Asian ports and destined for Mediterranean and North African base ports. These new rates will apply to various types of cargo, including dry cargo, out-of-gauge (OOG), and paying empties.
This announcement comes as CMA CGM adjusts its pricing to better manage operational costs and maintain reliable service across key shipping routes. The rate hike reflects the ongoing demand for maritime shipping in these regions.
2. Updated Freight Rates by Region
The updated FAK rates will apply to several regions in the Mediterranean and North Africa. Compared to the announcement in early November 2024 by CMA CGM, this price list has slight changes. Below are the new rates for 20-foot (20’) and 40-foot (40'/40'HC) containers:
3. Implications for Businesses Shipping from Asia
CMA CGM's rate adjustments are a strategic move to address rising operational costs in global shipping while continuing to provide reliable services to key markets in the Mediterranean and North Africa. These changes could impact businesses exporting from Asia by slightly increasing their logistics costs. However, the reliability and efficiency of CMA CGM's services will still offer significant value to companies shipping high volumes of cargo to these regions.
4. Real Logistics’ Insights on the Rate Increase
Real Logistics, a trusted partner in international freight forwarding and customs clearance, views CMA CGM’s rate increase as a reflection of the growing demand for shipping services between Asia and the Mediterranean and North Africa. Despite the price hike, there are still considerable benefits to using reliable carriers like CMA CGM for shipments to these regions. For exporters, this means:
Cost management: Real Logistics can help businesses optimize their shipping routes and schedules to minimize costs despite higher FAK rates.
Customs expertise: Real Logistics’ deep knowledge of customs regulations in both Asia and North Africa ensures that cargo is cleared quickly and without delays, keeping supply chains running smoothly.
Flexible solutions: By leveraging partnerships with major carriers like CMA CGM, Real Logistics offers tailored solutions that meet the specific needs of each business, ensuring timely deliveries at competitive rates.
Real Logistics is committed to providing comprehensive shipping services, including door-to-door delivery, customs clearance, and cargo insurance, ensuring that businesses can continue to ship seamlessly from Asia to the Mediterranean and North Africa.
For businesses looking to navigate these rate changes efficiently, Real Logistics is ready to provide expert advice and customized logistics solutions.
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