What is the new peak season surcharge (PSS) CMA CGM will apply on cargo from Asia Pacific and India to US coasts starting 1 October, and how does it compare to its current Shanghai–Los Angeles PSS?

CMA CGM will implement a peak season surcharge (PSS) of $4,000/FEU on all cargo from Asia Pacific and India to both US coasts effective 1 October; this is an increase from its current PSS of $2,500 USD/40 for Shanghai–Los Angeles.

Why are shipping rates rising despite the upcoming Golden Week holiday in China, and what role is port congestion playing?

Rates are rising because port congestion in Asia—particularly in Shanghai and Ningbo, where vessels wait up to 12 days—is disrupting schedules and affecting more than 4 million TEU, causing downstream congestion; this backlog is keeping ships fully utilized and supporting upward trends in the Shanghai Containerized Freight Index (SCFI), even through the traditionally slow Golden Week holidays beginning 1 October.

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CMA CGM to Implement Major Rate Increases to US from East Asia on 1 October

CMA CGM to Implement Major Rate Increases to US from East Asia on 1 October

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