As container spot rates on the Asia-North Europe trade continue to slide, CMA CGM has announced a reduction in FAK rates.
Next month, the French carrier will charge $850 per 20ft and $1,600 per 40ft from $900 and $1,700, and other carriers are expected to follow as they scramble to fill ships.
With demand remaining weak post-Chinese new year, several forwarders have told The Loadstar they have been offered rate discounts in the past two weeks to …
The post Asia-Europe carriers in new battle for market share, forcing rates down appeared first on The Loadstar.
Source: The Loadstar