FRENCH shipping giant CMA CGM as increased freight rates to various levels from Asia to Mediterranean and Black Sea ports from July 1 until further notice but not beyond July 14.

From Asia to the west Med and Adriatic, rates will be $1,500 per TEU, $2,700 per FEU, $2,700 per 40-foot high cubed and $2,700 per reefer.

From Asia to the Black Sea, rates will be US$1,250 per TEU, $2,200 per FEU, $2,500 per 40-foot high cube and $2,500 per reefer.

From Asia to the east Med (excluding Syria), rates will be US$1,450 per TEU, $2,600 per FEU, $2,600 per 40-foot high cube and $2,600 per reefer.

From Asia to Syria, rates will be EUR1,400 (US$1,581) per TEU, EUR2,500 per FEU, EUR2,500 per 40-foot high cube and EUR2,500 per reefer.