CMA CGM Announces Updated FAK Rates

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Credit: kinsey-w-cB8YiJt_0Y0-unsplash

In a strategic move aimed at enhancing its shipping services, global maritime leader CMA CGM is set to implement a series of revised Freight All Kinds (FAK) rates for the North Europe to North America trade lane. Starting from September 4th, 2023, these new rates will bring about changes in the cost structure and provide customers with updated pricing options for their dry cargo shipments. The Cma-cgm source.

These new FAK rates will apply as follows:

  • Origin Range: From all ports in North Europe including North France, United Kingdom, Ireland, Scandinavia, Poland, Baltic, Portugal, Spain (Bilbao, Vigo, Gijon)
  • Destination Range: To all North US Atlantic ports (New York, Norfolk), South Atlantic (Charleston, Savannah, Miami), all US Gulf ports (Houston, New Orleans) or inland points via said ports
  • Cargo: Dry cargo
  • Date of application: From September 04th, 2023 (gate-in date)

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Source-cma-cgm