Asia-Europe ocean carriers are reducing FAK rates for May as forward booking prospects deteriorate with the collapse in demand.
CMA CGM has dropped its 40ft high-cube FAK rate for North Europe from $2,550 to $1,750 from 1 May, with other carriers on the route offering similar discounts.
Hapag-Lloyd, for example has set its 40ft high-cube FAK rate at $1,890 from the same date.
For the more robust Asia to West Mediterranean tradelane, CMA …

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Source: The Loadstar