Container lines take steps to curb the extreme market

CMA CGM is not alone in trying to put the brakes on the galloping spot rates in the container market. Hapag-Lloyd is doing the same. The moves are in effect aimed at nursing their loyal customers, according to one assessment. Meanwhile, ONE maintains its pricing policy.

Photo: Hapag-Lloyd/Thies Raetzke

Several container lines are turning to a surprising initiative to keep the extremely high spot rates down in the supercharged ocean freight market.

CMA CGM has just announced that the French shipping line will not raise its spot rates further, starting from September 9 until February 2022, and Hapag-Lloyd tells ShippingWatch that the German company has introduced a similar initiative in recent weeks.

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