PARIS (Reuters) - Unlisted French shipping group CMA CGM increased its container shipping rates from Asia to the Mediterranean region by up to 100% as of Jan. 15 compared to Jan. 1, it said on its website on Tuesday.
A CMA CGM spokesperson declined to provide further details on the rate hikes when contacted by Reuters.
Shares in shipping companies have risen since attacks by Yemen-based Houthi militants on some vessels in the Red Sea on expectations that longer routes will result in higher freight rates.
(Reporting by Sybille de La Hamaide, editing by Tassilo Hummel)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 2,857 PTS | +1.15% | +2.48% | - | ||
| 10,446 PTS | +1.00% | -2.19% | - | ||
