Strong demand on Asia-Europe sees carriers hike rates and bring in surcharges

July 10, 2020 Mike Wackett

Demand remains strong on the Asia-North Europe trade, with full ships encouraging carriers to increase rates and introduce peak season surcharges (PSSs).
CMA CGM today announced an increase in its 40ft FAK rate of $100, to $2,300, effective 1 August, and has introduced a $200 per teu PSS for July, which it is yet to extend into August.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a 1.4% increase in the spot rate ...

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