Indian shippers and freight forwarders moving goods to Europe must contend with additional surcharges to secure confirmed bookings, amid growing capacity pressures on the tradelane. CMA CGM has announced an emergency space surcharge (ESS) of $500 per container for Indian freight to North Europe, the Mediterranean and North Africa, from 1 July, that will apply to all types of cargo. As capacity problems grow, freight rates ex-India to Europe have moved significantly higher in the past few weeks. It will also increase rates for Indian bookings to Valencia, to $5,700/teu and $6,000/feu, from 1 July. One forwarder told The Loadstar: “As of now, we are able to pick up empties for our bookings.

Source: The North Africa Journal June 14, 2024 18:06 UTC