AMZ123 Cross-border NewsletterAMZ123 has learned that CMA CGM announced it will raise container freight rates on the Asia-Latin America route by US$1,000 per container. The new rates will take effect from October 15 based on the shipment loading date. The origin scope covers all Asian ports, including Japan, Southeast Asia, and Bangladesh. Destination ports cover the west and east coasts of South America, the east and west coasts of Central America, as well as the Caribbean and Mexico regions. Dry containers, reefer containers, oversized cargo, and paid empty containers are all included in this rate increase.
This year's freight rate increases have mainly focused on the US and Europe routes. In mid-September, the Shanghai Containerized Freight Index showed that South America route rates remained weak. CMA CGM is raising prices against this overall trend. For sellers operating in markets such as Brazil, Mexico, and Chile, fourth-quarter first-leg freight quotes need to be recalculated based on the new rates. Merchants with long-term fixed-price contracts should also pay attention to the rate switch point on the October 15 loading date.
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The US$1,000 per container increase will directly push up first-leg costs for sellers shipping to Latin America. Affected sellers are advised to recalculate profits as soon as possible, lock in space in advance, or adjust pricing to avoid profit erosion.
Source: AMZ123
Original link: https://www.amz123.com/kx/xJuBb7A9
