In a strategic move, French container shipping giant CMA CGM has announced a significant adjustment in its Freight All Kinds (FAK) rates, specifically targeting the Red Sea to North Europe and West Mediterranean routes. The updated rates, set to take effect on January 14th, will be applicable exclusively to dry cargo shipments.
These new FAK rates will be applied as follows:
| FROM RED SEA TO: | Amount in USD per 20′ | Amount in USD per 40′ |
|---|---|---|
| NORTH EUROPE | 850 | 900 |
| WEST MEDITERRANEAN | 850 | 900 |
- Origin Range: Red Sea
- Destination Range: North Europe & West Mediterranean
- Cargo : Dry
- Date of application: January 14th, 2024 (gate-in date)
