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French shipping company imposes $200 per TEU emergency space surcharge from India
December 16, 2020
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French container shipping company CMA CGM S A on Tuesday started levying an Emergency Space Surcharge (ESS) of $200 per twenty-foot equivalent unit (TEU) from South East India ports as the cascading impact of global equipment shortages, port congestion and shipping delays including in India, creates space constraints on ships and force freight rates to soar to record levels.
The emergency space surcharge is being levied for loading from South East India ports to the North Continent, the Mediterranean, North Africa, Red Sea and Latin America as part of “continued effort to provide customers with reliable and efficient service,” CMA CGM said in an advisory to customers. ....

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