CMA CGM freezes spot rates until February 2022
CMA CGM, the world's third largest container carrier, introduces a complete halt to the increase of spot rates, with immediate effect. The carrier is prioritizing long-term business relations with its customers.
by DAG HOLMSTAD
French container major CMA CGM has decided to freeze the spot rates in the pressured container market, which has undergone continuously rising freight rates for 17 weeks in a row and seen bottlenecks in major ports and a shortage of containers.
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