CMA CGM postpones peak season surcharges for U.S. routes
In a major update for ocean shippers, CMA CGM is deferring peak season surcharges on several routes to the United States. The news, first reported by Yahoo Finance, highlights the fourth postponement of a $1,000 surcharge on service departing from the Indian subcontinent, the Middle East Gulf, the Red Sea and Egypt to the U.S. Eastern and Gulf Coast. Also read: CMA CGM delays key U.S. shipping surcharge amid contract talks The French shipping giant's surcharge is thought to reflect the increased costs of maintaining operations amid security concerns in the Red Sea, where CMA CGM vessels remain one of the few still sailing despite the risks posed by attacks by Houthi rebels in Yemen. One of the carriers. The company has aligned with global early-loading trends ahead of the Lunar New Year, when Asian factories typically close for extended periods starting on January 29. The strategic move comes at a time when ocean carrier alliances and vessel-sharing agreements are…
CMA CGM postpones key U.S. shipping surcharge during contract
French shipping giant CMA CGM has chosen to postpone imposing a hefty surcharge on cargo shipped to the United States. The carrier has postponed the $1,500 surcharge from January 1 to January 15 for shipments from the Indian subcontinent, the Middle East Gulf, the Red Sea and Egypt to the eastern U.S. and Gulf Coast, Yahoo Finance reported. Also read: US carrier questions CMA CGM’s detention and demurrage charges Traditionally, these peak season surcharges have been instituted to manage increased demand and recover costs associated with congestion. However, the delay comes after talks broke down in November, with talks between the International Longshoremen's Association (ILA) and the United States Maritime Union (USMX) expected to resume soon. Interestingly, CMA CGM’s choice of operating services amid geopolitical tensions also stands out. The company is considered the only major container shipping company to maintain its Red Sea operations despite the threat from Yemeni militants. This persistence contrasts with other routes that have rerouted…
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