Shipping giant CMA CGM has announced updated freight rates (FAK – Freight All Kinds) for dry cargo shipments originating from the Indian subcontinent and destined for ports in North Europe. These new rates will go into effect on June 1, 2024.
The article doesn’t specify the exact amount of the rate increase, but it highlights that the new rates apply to dry cargo only. This suggests that CMA CGM may have separate pricing structures for other cargo types on this route.
The news comes amidst a dynamic shipping landscape. Recent events like the conflict between Iran and Israel have caused disruptions in the Red Sea, a crucial shipping lane. This disruption, along with other factors, could be influencing freight rate adjustments across various routes, including the Indian subcontinent to North Europe.
Source: India Shipping News