CMA CGM to stop further increases in spot freight rates

CMA CGM has decided to stop any further increases in spot freight rates until February 1, 2022, to prioritise its long-term relationship with customers.

Container shipping spot freight rates have continued to rise since the beginning of 2021 due to port congestion and the major imbalance between demand and maritime container transport effective capacity.

Although market-driven rate increases are expected to continue in the coming months all services under the CMA CGM brand (CMA CGM, CNC, Containerships, Mercosul, ANL and APL) will not see any further increases.