CMA CGM announces suspension of all spot freight rate increases! Effective immediately!

It has just been announced that CMA CGM has taken 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. Facing the unprecedented situation in the shipping industry, the Group prioritizes long-term relationships with customers. 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.
Although these market-driven freight rates are expected to continue to rise in the coming months, the group has decided to reduce the impact on its brands (CMA CGM, CNC, Containerships, Mercosul, ANL, APL).
The decision applies to spot freight rates and is effective immediately until February 1, 2022.
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