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CMA CGM will apply a Peak Season Surcharge of USD 300 per unit on dry cargo loaded from Black Sea ports to Middle East and Red Sea destinations, effective June 1, 2020 until further notice. The surcharge covers shipments from Black Sea origins.
A per-unit surcharge on Black Sea dry cargo to the Middle East raises freight costs for Black Sea grain and feed exports to those markets, supporting Black Sea origin basis relative to alternatives.
ajot.comAJOTMay 12, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
