FRENCH shipping giant CMA CGM has announced that it will increase rates on major trade lanes from January 1.

From Asia to North America, the fee will be US$320 per TEU, $400 per FEU, $450 per 40-foot high-cube or reefer and $510 per 45-footer.

From Asia to all ports in Europe, the fee is $250 per TEU.

To South America and the west coast of Central America, the fee is $400 per TEU.

To Panama and the Caribbean (except for the French West Indies and Guyana), the fee is $280 per TEU and $400 FEU.

To West Africa, the fee is $250 per TEU. It will also carry out an AWATA-recommended $200 peak season surcharge from January 10 through February 1.

From West Africa to the Far East, Middle East and India, the rates will be increased $100.