CMA CGM increases rates on Transatlantic tradeShare This News Story:MARSEILLE : French ocean carrier CMA CGM announced adjustments on its rates, due to the “unsustainable rate levels” reached on the Transatlantic trade, effective from November for all Transatlantic westbound lines. From To 20’ST/RFCurrent rates 40’ST/RF/HCCurrent rates 20’ST/RFNew rates 40’ST/RF/HCNew rates Rotterdam New York US$1,450 US$1,600 US$1,650 US$2,000 Rotterdam Veracruz US$1,813 US$2,026 US$1,915 US$2,126 Rotterdam Montreal US$1,770 US$1,900 US$1,870 US$2,000 Rotterdam Houston US$1,773 US$2,026 US$1,973 US$2,426 Genoa New York US$1,514 US$1,879 US$1,714 US$2,279 Genoa Veracruz US$1,697 US$2,097 US$1,797 US$2,197 Genoa Montreal US$2,393 US$2,826 US$1,493 US$2,926 Genoa Houston US$1,514 US$1,879 US$1,714 US$2,279The origin range includes all ports in North Europe, including North France, United Kingdom, Ireland, Scandinavia, Poland, Baltic, Portugal, Spain (Bilbao, Vigo, Gijon), all Mediterranean ports, including Malta, South France, Italy, Spain (Algeciras, Valencia, Barcelona, Sagunto), Adriatic, Black Sea, North Africa, Cyprus, Greece, Turkey, Lebanon and excluding Egypt. The destination range includes all US North Atlantic ports (New York, Norfolk), South Atlantic (Charleston, Savannah, Miami), all US Gulf ports (Houston, New Orleans), Canada (Montreal, Halifax) and Mexico (Veracruz, Altamira). The updated rates will be effective from 23 November for dry containers and 25 November for reefer cargo.