CMA CGM has announced several new surcharges and freight rates that will impact various shipping routes starting from July and August 2024. The shipping line says these surcharges are aimed at managing increased demand and operational costs during peak seasons.
Firstly, from July 1, 2024, a Peak Season Surcharge (PSS) of USD 250 per TEU will apply to shipments from India to West Africa. Simultaneously, a PSS of USD 200 per TEU will be imposed on shipments from India to South Africa.
From July 15, 2024, new Freight All Kinds (FAK) rates will apply to shipments from Djibouti to North Europe, the Mediterranean, and North Africa. These rates will be set at USD 500 per 20-foot container and USD 1,000 per 40-foot container. On the same date, an Empty Equipment Imbalance Surcharge (EEIS) will also be applied to shipments from Turkey to North Europe. This surcharge of USD 150 per container is said to be required in order to compensate for the cost of repositioning empty containers to regions with equipment shortages.
Additionally, an Overweight Surcharge (OWS) will be imposed on dry cargo from Djibouti to Europe, starting from July 20, 2024. The surcharge will be USD 200 per 20-foot container with a gross weight exceeding 14 tons. According to CMA CGM, the measure is necessary to cover the additional costs of transporting heavier containers.
Starting August 1, 2024, a PSS of USD 250 per TEU will be implemented from Europe to West Africa. CMA CGM states that this move addresses the significant rise in demand for shipping services on this route. On the same date, a PSS of USD 300 per TEU will be implemented on shipments from the Middle East, Gulf, and Pakistan to South Africa.
Finally, from August 5, 2024, a Peak Season Surcharge (PSS) of USD 200 per TEU will be implemented on shipments from North America to West Africa. This surcharge, it is said, aims to manage the increased demand during the peak season.
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