1. CMA CGM Announces Increase in Freight Rates from Asia to Mediterranean and North Africa
Starting from 1 December 2024, French ocean carrier CMA CGM will apply new Freight All Kinds (FAK) rates for all shipments originating from key ports in Asia and arriving at key ports in the Mediterranean and North Africa. The new rates will apply to cargo types such as dry bulk, oversized cargo (OOG) and empty containers.
The announcement comes as CMA CGM adjusts its rates to better manage operating costs and maintain reliable shipping services on key trade routes. The rate increases reflect the growing demand for maritime transport in these regions.
2. Updated Freight Rates by Region
Updated FAK rates will apply to certain regions in the Mediterranean and North Africa. Compared to the announcement in early November 2024 by CMA CGM, this price list has slight changes. Here are the new prices for 20-foot (20’) and 40-foot (40'/40'HC) containers:
20′
40’/40’HC
West Mediterranean
US$4,500
US$6,500
Adriatic
US$4,600
US$6,600
East Mediterranean
US$4,600
US$6,600
Black Sea
US$4,600
US$6,600
Algeria
US$5,100
US$7,900
Libya
US$4,900
US$7,500
Tunisia
US$5,000
US$7,600
Morocco
US$4,200
US$6,700
3. Impact To Asian Exporters
CMA CGM’s price adjustment is a strategy to counter rising operating costs in global ocean shipping and continue to provide reliable services to key markets in the Mediterranean and North Africa. This change may impact Asian exporters as logistics costs increase slightly. However, the reliability and efficiency of CMA CGM’s services still provide significant value to companies shipping large volumes of goods to these regions.
4. Sala Logistics’ View on Price Increase
Sala Logistics, a trusted partner in international transportation and customs clearance, believes that CMA CGM’s price increase reflects the growing demand for ocean freight services between Asia and the Mediterranean and North Africa regions. Despite the price increase, using reputable carriers such as CMA CGM still brings many benefits to exporters. This means:
Cost management: Sala Logistics can help businesses optimize shipping routes and schedules to minimize costs despite rising FAK rates.
Customs expertise: With experience in customs clearance in both Asia and North Africa, Real Logistics ensures that goods are cleared quickly, avoiding incidents that delay the supply chain.
Flexible solutions: Sala Logistics offers customized solutions to suit the specific needs of each business, ensuring on-time delivery at competitive prices.
Sala Logistics is committed to providing comprehensive transportation services, including door-to-door delivery, customs clearance, and cargo insurance, helping businesses exporting from Asia to the Mediterranean and North Africa continue to operate smoothly.
