CMA CGM startles rivals by vowing to stop spot rate increases for coming five months

The third largest liner firm just one-upped other container lines by announcing a freeze in spot rates.

Of course they are at an all-time high. And Hapag-Lloyd, a smaller liner firm, said they had ‘already frozen rates’. But it’s a great piece of publicity.

It is a bit like a car manufacturer saying they will freeze the price of a car at the MSRP (sticker price). No one tries to pay that anyway.

Sam Chambers September 10, 2021

CMA CGM startles rivals by vowing to stop spot rate increases for coming five months – Splash247

Some responses:

• https://theloadstar.com/shippers-and-forwarders-deride-cma-cgms-rate-cap-as-high-level-torture/
• https://www.porttechnology.org/news/cma-cgm-group-halts-spot-rate-increases/
• https://theloadstar.com/cash-rich-container-lines-look-to-squeeze-out-feeder-operators/