French ocean carrier CMA CGM has announced updated freight rates from India, Pakistan, Sri Lanka, Middle East Gulf, the Red Sea and Egypt to the United States East Coast and the United States Gulf.
According to the "rate restoration initiative", as CMA CGM has described it, from 24 March 2023, there will be the following update for all types of cargo:
- Quantum per 20': US$500
- Quantum per 40': US$600
- Quantum per 45': US$600
Source: Container News
