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CMA CGM, the French carrier, has announced Freight All Kinds (FAK) rates effective from 1 July 2024, for shipments originating from North Europe, West Mediterranean, East Mediterranean, Black Sea, and Baltic regions to Australia and New Zealand.

Furthermore, CMA CGM has notified its customers about the Peak Season Surcharge (PSS), which will be effective from 3 July 2024 (loading date) until further notice.

The surcharge will apply to shipments originating from Asia, including China, Taiwan area, Hong Kong & Macau SAR, South East Asia, South Korea & Japan, and destined to Puerto Rico & the US Virgin Islands.

This PSS will be applied to all types of cargo, with an amount of US$2,000 per container.

In addition, CMA CGM announced a new PSS effective from 1 July 2024 (loading date) until further notice. This surcharge applies to shipments originating from the Indian Subcontinent and destined for the US West Coast.

It applies to all types of cargo, with the following amounts: US$2,160 per 20′ container (all types), US$2,400 per 40’/40’HC container (all types), US$2,400 per 40’RF container, and US$3,040 per 45′ container (all types).

Also, the firm announced PSS originating from Europe to the Gambia.

CMA CGM has issued a notice to its customers regarding the implementation of Peak Season Surcharge (PSS), effective from 15 June 2024 (loading date) until further notice.

The PSS will apply to shipments originating from various regions:

Originating from North Europe (including Baltic & Scandinavia), West Mediterranean, Adriatic, North Africa, Greece, Cyprus, Malta & Syria and destined to the Gambia. This PSS will apply to dry cargo, with an amount of US$522 per container, payable with freight.

Another PSS will be applicable to shipments originating from the UK and destined for the Gambia. The cargo will be dry, with an amount of US$530 per container, payable with freight.

Additionally, a PSS will be implemented for shipments originating from Turkey, Egypt Med & Lebanon and destined to the Gambia. This PSS applies to dry cargo with an amount of US$600 per container, payable with freight.

Moreover, CMA CGM announced a new PSS from Europe to West Africa (the Gambia excepted).

CMA CGM has issued a notice to its customers regarding the implementation of Peak Season Surcharge (PSS), effective from 15 June 2024 (loading date) until further notice.

For shipments originating from North Europe (including Baltic & Scandinavia), West Mediterranean, Adriatic, North Africa, Greece, Cyprus, Malta & Syria and destined for Angola, Benin, Cameroon, Cape Verde, Côte d’Ivoire, DRC, Equatorial Guinea, Gabon, Ghana, Guinea Bissau, Guinea, Liberia, Mauritania, Namibia, Nigeria, Congo, Sao Tome & Principe, Senegal, Sierra Leone, and Togo, a PSS of US$217 per container will be applied to dry cargo, payable with freight.

Another PSS will be applicable to shipments originating from the UK and destined for the same destinations mentioned above. The cargo will be dry, with a PSS amount of US$224 per container, payable with freight.

In addition, CMA CGM has communicated an update regarding the Peak Season Surcharge (PSS) to its customers, effective from 15 June 2024 (loading date) until further notice.

This update applies to shipments originating from Turkey, Egypt Med & Lebanon, involving dry cargo. The PSS amount for this category is US$400 per container, payable with freight.

Source: Container News

French shipping line CMA CGM has announced new local port charges in Indonesia, set to take effect from 15 March 2024 (date of loading in the origin ports) until further notice and until 10 April 2024 for shipments to the United States.

This charge will apply to both imports and exports and will apply to all types of cargo.

The amount of the new charge will be US$15 for 20-foot containers, US$20 for 40-foot containers, and US$25 for 45-foot containers.

Source: Container News

CMA CGM is about to surpass Mediterranean Shipping Company as the largest intra-Mediterranean operator, according to Alphaliner.

The French carrier has increased the number of ships and currently deploys much larger vessels in the Mediterranean compared to a year ago. Currently, CMA CGM operates 60 ships of over 96,000 TEUs in the intra-Mediterranean market, after adding six more vessels this year. The average size of CMA CGM’s deployed fleet has gone up to 1,677 TEU this year, from 1,433 TEU last year.

At present, the Marseille-based box line has a market share of 19.9% in the intra-Mediterranean, just behind MSC’s 22%. Alphaliner observed that CMA CGM is bucking a trend of carriers reducing their intra-Mediterranean exposure. MSC’s market share is down from 24% in 2022, while Maersk Line’s has decreased to 11% from 15% in 2022, after the Danish operator cut more than 10,000 TEUs from the intra-Mediterranean market.

With its new Greece-Turkey-Libya, Turkey-Libya and Greece-Turkey-Poti loops, CMA CGM has launched three new intra-Mediterranean services which have added 11,000 TEUs of capacity.

Alphaliner noted that CMA CGM historically has a strong presence in services to/from North Africa, especially in the Maghreb states (Morocco, Algeria, Tunisia, Libya). The French line deploys a staggering 87.3% of its total intra-Mediterranean capacity in services calling to at least one Maghreb port. Compared to a year ago, CMA CGM has increased its capacity to the Maghreb by 40.4%.

Mainline operators still dominate the Mediterranean short-sea segment, with a combined market share of 66%, leaving 34% for regional carriers and common feeder operators. However, compared to a year ago, the major players have lost 5% of their market share, mainly as Maersk and ZIM Line removed a considerable amount of capacity from the market.

ZIM, which in 2022 registered a market share of 3.8%, has seen its share drop to 2.2% in the past twelve months leaving the carrier in eighth place (a drop of two rankings), ahead of Turkish short-sea carrier Akkon Lines. The Haifa-based carrier has reduced its intra-European capacity by a staggering 69.1% or 5,000 TEU in just one year. Most notably, it has significantly reduced the average ship size of its Israel-Turkey TBX loop from 3,143 TEU to just 1,984 TEU and closed its Turkey-Egypt TEX loop.

Source: Container News

French ocean carrier CMA CGM has announced the extension of its FAL 1 service into Poland.

The Marseille-based company said the first sailing Westbound from Asia will be on 10 August ex Pusan with CMA CGM Jacques Saade with an estimated time of arrival (ETA) at Gdansk on 5 October.

The updated FAL 1 service rotation will be Pusan (South Korea) – Ningbo (China) – Shanghai (China) – Yantian (China) – Singapore (Asia) – Algeciras (1/2) – Tanger Med (1/2) – Dunkirk (France) – Le havre (France) – Hamburg (Germany) – Gdansk (Poland) – Rotterdam (Netherlands) – Algeciras (Spain) – Port Klang (Malaysia) – Pusan

CMA CGM will now offer two complementary direct services FAL 1 and FAL 5 from Asia to Gdansk. FAL 1 will offer a direct service ex South Korea to Poland, enabling to offer more space for project cargo and also connection into the Baltic via Gdansk. Additionally, LNG vessels will be deployed on FAL 1 service.

“This CMA CGM product is an additional opportunity for our customers to support our Polish local market development but also inland opportunities to Ukraine – Czech Republic – Slovakia – Hungary,” noted the company in a statement.

Source: Container News

French ocean carrier CMA CGM reported revenue of US$12.3 billion and net income of US$1.3 billion in the second quarter of the year. These figures represent huge year-on-year decreases over the previous record year for the container lines when CMA CGM achieved US$19.5 billion in revenue and US$7.6 billion in profit.

Additionally, the company’s earnings before interest, taxes, depreciation and amortization (EBITDA) reached US$2.6 billion, translating to a 73% year-on-year decline.

Commenting on the results for the period, Rodolphe Saadé, chairman and CEO of the CMA CGM Group, said, “As expected, our industry continued to normalise in the second quarter and, despite difficult market conditions, our performance remains robust. In recent years, we have significantly strengthened our two strategic pillars: transport and logistics. On that basis, our Group will pursue its transformation, as it continues to expand and to integrate recently acquired subsidiaries, while stepping up investments to decarbonize its activities.”

CMA CGM noted that the aforementioned results are driven mostly by the Group’s shipping business. The Marseille-based company announced that consolidated revenue from shipping operations amounted to US$8.4 billion, down 47.9% from the second quarter of 2022. Moreover, EBITDA totaled US$2.2 billion, 76% lower than in the prior-year period.

The average revenue per TEU amounted to US$1,491, down 10.3% year-on-year, with CMA CGM handling 5.6 million TEUs, almost the same volumes as the previous year.

“Volumes remained buoyant on the North-South lines, but the Transpacific and Asia-Europe lines were hit by the slowdown in household consumption and dealer inventory drawdowns,” noted the company in a statement.

CMA CGM noted that late 2022 trends continued to prevail in the first half, with “deteriorated market conditions in the transport and logistics industry”.

Macroeconomic forecasts for the second half of 2023 anticipate sluggish global growth given the persistent inflationary pressures weighing on consumer spending as well as the measures taken by central banks in response, and geopolitical uncertainties, according to CMA CGM’s announcement.

Source: Container News

French ocean carrier CMA CGM has revised its EURONAF service, which will now consist of four loops instead of two.

In Loop 1, CMA CGM will deploy three 1,700 TEU container vessels on the following 21-day rotation:

Malta (Italy) – Marseille (France) – Bejaia (Algeria) – Malta

Loop 2 will run between the ports of Barcelona and Oran with one vessel of 850 TEUs and one vessel of 1,700 TEUs. The frequency of the loop will be weekly on a 14-day cycle. The port rotation will be Barcelona (Spain) – Oran (Algeria) – Barcelona.

Two 1,300 TEU boxhsips will be used on the Loop 3, sailing under the following 14-day port rotation:

Genoa (Italy) – Marseille (France) – Alger (Algeria)

Finally, the Loop 4 will be operated by a fleet of three vessels each carrying 1,100 TEUs. The frequency will be weekly on a 21-day cycle and the rotation will be as follows:

Livorno (Italy) – Genoa (Italy) – Marseille (France) – Barcelona (Spain) – Tanger (Morroco) – Oran (Algeria) – Mostaganem (Algeria) – Livorno

CMA CGM said it will now offer expanded connectivity, optimised service regularity and schedule reliability, extensive port coverage in West Mediterranean and better service frequency with four departures per week.

Source: Container News