The world's third largest shipping company commits not to increase freight rates

Shipping line CMA-CGM is committed not to increase container freight rates until the end of February 1, 2022, a meaningful move when shipping costs escalate.

After an online meeting with the Vietnam Maritime Administration, the representative of CMA-CGM shipping line in Vietnam, the world's third largest shipping line, announced to keep the freight rates for all services under the CMA CGM, CNC brands. , Containerships, Mercosul, ANL, APL from 9/9 to 1/2/2022.

In addition, the airline will apply digital to reduce procedures; allowing retail customers to order online directly with shipping lines.

This enterprise also said that it will increase routes and supplement empty containers for the Vietnamese market; increasing the ship size to the US to 15,000 TUEs (1 TEU is equivalent to 1 standard container 20 feet long). At the same time, the airline is committed to continue to better meet the booking needs of customers, not to let there be a shortage of empty containers and lack of space on the ship.

Deputy Director of the Maritime Administration Hoang Hong Giang assessed that the commitment not to increase freight rates is of great significance in the context of current hot shipping prices. This is also a motivation to encourage other shipping lines to have similar policies in the future.

Mr. Giang also asked the airline to pay more attention to the source of the container and the space on the fleet for the import and export market of Vietnam's goods.

The volume of Vietnam's export goods exploited by CMA-CGM in the first 8 months of 2021 reached a growth rate of 20% over the same period last year. In addition to its role as a major transporter in Vietnam, CMA-CGM also invests capital to build a deep-sea port, typically Gemalink port in Cai Mep - Thi Vai that can handle the world's largest container ship in and out of operation. motion.

Vietnam is a potential transport market with major shipping lines in the world, with the second highest growth rate in the region. The volume of goods through the seaport in recent years has increased by an average of 13% a year. Despite the impact of Covid-19, goods through seaports in 2020-2021 are still high. In 2020, import and export container cargo volume reached 14.65 million TEUs, up 10% over the same period in 2019. In the first 8 months of 2021, import and export container cargo volume reached 10.95 million TEUs, 18% increase over the same period in 2020.

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