It is reported that CMA CGM took the lead in officially announcing its decision to stop all spot freight rate increases!
CMA CGM stated that this measure will take effect immediately from September 9, 2021, until February 1, 2022.
Faced with the unprecedented situation in the shipping industry, the Group places long-term relationships with customers as its top priority. Since 2021, spot freight rates for container transportation have continued to rise due to factors such as port congestion and a serious imbalance between demand and effective shipping container capacity.
While these market-driven freight rates are expected to continue to rise in the coming months, the Group has decided to hold off on further increases in services across all its brands (CMA CGM, CNC, Containerships, Mercosul, ANL, APL) spot freight rate.
The CMA is also investing heavily to strengthen its service delivery.
Since December 31, 2019, the Group has increased the passenger capacity of its operating fleet by 11% through the addition of new vessels and the purchase of second-hand vessels. In the past 15 months, the group has also added 780,000 TEU to its container fleet.
Through these measures, CMA CGM aims to strengthen its valuable customer relationships and support them as they face today’s difficult supply chain challenges.
Delegations from China, the United States, and the European Union held a global maritime regulatory summit to address bottlenecks in the maritime supply chain
Currently, unprecedented freight demand has led to disruptions in maritime supply chains and soaring freight rates, and with the arrival of the autumn shipping season, container shortages are expected to intensify and congestion at major container ports will further worsen.
Senior government officials from China, the United States and the European Union recently attended the fifth Global Maritime Regulatory Summit to discuss serious supply chain disruptions.
This Global Maritime Regulatory Summit is hosted by the European Union, and participants include representatives of the world’s largest maritime authorities responsible for regulating international liner shipping trade.
The Chinese delegation is led by Li Tianbi, Director of the Water Transport Bureau of the Ministry of Transport of China, the U.S. Federal Maritime Commission is led by Chairman Daniel B. Maffei, and the EU delegation is led by the European Commission Competition for Transport, Postal and Other Services Led by director Henrik Mørch.
According to FMC news, this meeting focused on the following three topics:
Industry trends since the outbreak of the new crown epidemic, Includes analysis of supply and demand, and identification of the causes of maritime supply chain bottlenecks and service disruptions; actions taken by relevant jurisdictions and authorities to address these issues and their outcomes ;
Future directions and possible actions to improve the industry’s resilience and smooth functioning.
It is reported that the summit discussed industry development since the outbreak, including challenges facing the international container shipping industry and maritime supply chain wider issues. Participants agreed that the epidemic has posed special challenges to shipping lines, ports and logistics service operators operating in and out of various parts of the world.
They exchanged views on actions taken in their respective jurisdictions and their outlook and views for the future, including possible actions to increase the resilience of the sector.
“The performance of shipping lines in meeting demand for their services, as well as the unusually high cost of transporting sea containers, has aroused the interest and concern of regulators, legislators and the public around the world.” said FMC Chairman Maffei.
“Today’s Global Maritime Regulatory Summit provides an opportunity for the main regulators responsible for regulating the shipping industry to share information observed in the market by their respective regulatory and enforcement mechanisms and compare conclusions on carrier conduct. .Thanks to our EU colleagues for convening this meeting and providing a forum for the exchange of valuable information.”
The summit is held every two years and is a forum to promote cooperation between the three authorities , the next summit will be held in Beijing, China, in 2023.
It is understood that the first Global Maritime Regulatory Summit was held in December 2013 and was hosted by the Federal Maritime Commission. Subsequent conferences were held in Belgium in 2015, China in 2017 and the United States in 2019. </p
