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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.

Photo: PR / CMA CGM

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.

The measure is effective immediately and so far scheduled to run until February 1, 2022, informs the French carrier in a customer update.

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