CMA CGM Implements Peak Season Rate Increases for China to West Africa Shipping
French ocean carrier CMA CGM has recently unveiled a series of peak season surcharges (PSS) aimed at shipping routes from China to West Africa. These adjustments, effective within the coming months, reflect the continuing fluctuations in global shipping demand and operational costs.
Effective Dates and Specifics of the Surcharges
Starting December 7, 2023, CMA CGM will impose a surcharge of **$400 per TEU** for dry containers transported from Central and North China to the West Africa North Range. This range includes key destinations such as Liberia, Senegal, Mauritania, Gambia, Guinea, Sierra Leone, Guinea-Bissau, Cape Verde, and Sao Tome & Principe.
In a notable development, after one week, this surcharge will escalate to **$800 per TEU** for shipments originating from Central and North China. Furthermore, a separate charge for dry cargo from South China to the West Africa North Range will be introduced, starting at **$250 per TEU**, which will rise to **$650 per TEU** after the initial week.
New Charges for Central and South West Africa
CMA CGM is also set to implement a **$150 per TEU** surcharge for dry containers shipped from all Chinese ports to the West Africa Central Range, effective December 15, 2023. This range encompasses vital markets such as Nigeria, Côte d’Ivoire, Benin, Ghana, Togo, and Equatorial Guinea.
Looking ahead, from **January 1, 2025**, the Marseille-based shipping giant will introduce a PSS of **$250 per dry 20-foot container** for shipments originating from China and destined for the West Africa South Range. This range includes important regions like Angola, Congo, the Democratic Republic of the Congo (DRC), Namibia, Gabon, and Cameroon.
Impact on Shipping and Trade
These surcharges are part of CMA CGM’s strategy to manage the increasing demand and operational costs associated with peak shipping seasons. As global trade continues to evolve, such measures are essential for maintaining service quality and operational efficiency.
Shippers and businesses relying on these routes should prepare for the upcoming changes in shipping costs, which may affect overall logistics and supply chain expenses. Staying informed about these adjustments will be crucial for effective planning and budgeting in the dynamic landscape of international trade.
Conclusion
CMA CGM’s announcement underscores the ongoing challenges and adjustments within the shipping industry, particularly as peak seasons approach. As these surcharges take effect, stakeholders across the supply chain must adapt to the new pricing structures to ensure continued business operations and customer satisfaction.
