Above is the new of CMA CGM makes the decision to stop all spot rate increases. This measure is effective immediately from September 9, 2021 and until February 1, 2022.

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Is this announcement going to result in a big drop in shipping costs?

First of all, I think this is not in line with the rules of the market. For example, the whole market can ship 100 containers in a week, but there are 1000 containers in the market to be shipped. How to decide which 100 to go?

Even if the shipping company allocates the 100 containers to 10 forwarders at the same price and no more price increase, each forwarder has 10 containers on average, but there are 100 containers to be shipped, how to decide which 10 containers to give?

CMA CGM was the first to announce no price increase. The Group is prioritizing its long-term relationship with customers. But the market knows that they have been short of containers for a long time. Many freight forwarders with CMA SO can’t pick up their containers. So is there some other reason why CMA announced no price increase?

Your opinion?

How would you make a decision? You are welcome to leave your comments in the comment section. Your comments can help other people to think from a better perspective.