The CMA CGM Group will implement the shipping industry's first Early Container Return Incentive Programme at the FMS terminal in Los Angeles, and all CMA CGM return locations in Chicago, Dallas, Kansas City and Memphis. "The programme will begin on May 16, 2022, and continue until July 15, 2022 with the goal of accelerating the return of empty containers and ensuring U.S. exporters have even greater access to equipment," according to an official statement.
CMA CGM was the first to freeze spot rates, and the company also implemented a programme to encourage the early pickup of containers, which resulted in a 73 percent decrease in dwell of CMA CGM containers over nine days in Southern California, the statement added. "In March, the Group dedicated vessel capacity to small and medium enterprises in both Europe and North America at rates typically only provided to high-volume shippers."
The programme includes:
* A $300 per dry container returned to eligible locations during calendar days 1–4.
* Calculation of incentive credits on a weekly basis with a credit memo issued every 14 days to each applicable importer of record; and
* Utilisation of EDI transaction data to assess credit, thus no additional documentation required from customers.
Read more...www.logupdateafrica.com
CMA CGM and MSC have started service between Africa and South America through Terminal 3 of Meridian Port Services (MPS) in Ghana at the port of Tema.https://www.logupdateafrica.com/cma-cgm-msc-start-service-between-ghana-and-south-america-shipping
According to the IMARC Group, Airfreight forwarding refers to a process in which a firm serves as an intermediary between the producer and the various transport providers to transport goods to the final delivery point.
It involves warehousing, booking of cargo space, aggregation of freight, negotiating freight charges, monitoring inland transport, filing insurance claims, preparing shipping and export papers, packaging of goods, centralizing control loading, customs and security procedures.
As a result, airfreight forwarding is used to deliver perishable and non-perishable items domestically and internationally.Request for a free sample copy of this report: https://www.imarcgroup.com/airfreight-forwarding-market/requestsampleExpanding international trade activities are propelling the demand for airfreight forwarding to ease the supply chain process and enable companies to concentrate on their core business activities.
Additionally, growing online sales of consumer goods and trendy apparel have led to the adoption of airfreight forwarding services across small and medium-sized enterprises (SMEs) to effectively handle cross-border e-commerce activities.
Furthermore, several industry players provide tailored solutions to meet the transport needs of e-commerce firms.
Moreover, the growing demand for automotive goods, medical equipment, agricultural products, and seafood is augmenting business-to-business (B2B) shipping, thereby bolstering the market growth.Explore Report Description: https://www.imarcgroup.com/airfreight-forwarding-marketKey Market Segmentation:IMARC Group provides an analysis of the key trends in each sub-segment of the global airfreight forwarding market report, along with forecasts for growth at the global, regional and country-level from 2020-2025.
December 03, 3019: PSA India Intermodal Pte Ltd, a unit of Singapore-based port operator PSA International Pte Ltd, has acquired a 50 percent stake for $93 million in an Indian logistics hub from French shipping group CMA CGM.
Marseille-based CMA CGM, the world’s fourth largest container shipping company held the 50 percent stake in Ameya Logistics Pvt Ltd, the entity that runs a container freight station (CFS) near Jawaharlal Nehru Port Trust (JNPT), India's busiest container gateway.
Ameya Logistics, in turn, held a 51 percent stake in CMA CGM Logistics Park Dadri, located in Greater Noida, Uttar Pradesh with Container Corporation of India Limited (Concor) holding the balance stake.
Ameya Logistics also held a 55 percent stake in Honeycomb Logistics Pvt Ltd, which runs a CFS at Mundra in Gujarat.
The purchase of the 50 percent stake in Ameya Logistics will help PSA get stakes in the other two facilities as well.
In 2018, during a visit to India to open PSA’s biggest terminal in the country at JNPT, Tan Chong Meng, Group CEO, PSA International, has mentioned that the operator was scouting India’s vast cargo hinterland for potential acquisitions.
