Shipping Line Announces Again: Increase in FAK Rates from Asia to Northern Europe

Headquartered in Marseille, Duffy Line (CMA CGM) announced on the 31st, from August 15, 2023 onwards, upward from all Asian ports (including Japan, Southeast Asia and Bangladesh) to all the ports in Northern Europe (including the United Kingdom and the whole route from Portugal to Finland/Estonia) FAK rates, per 20-foot dry box to 1150 U.S. dollars, per 40-foot dry box/reeferred box to 2100 U.S. dollars. to US$2,100 per 40-foot dry/refrigerated container.

On July 28, French shipping giant Duffy Line (CMA CGM) announced its second quarter 2023 financial results. The bad news for the world's third-largest ocean carrier: profits continue to decline. The good news: the company is still posting net profits of more than $1 billion per quarter, net profits and revenues per container are still well above pre-New Crown levels, and it still has a huge cash cushion thanks to additional revenues from the boom.

Looking ahead, Duffy Marine expects the transportation and logistics industry to continue to deteriorate in the second half of 2023. Ongoing inflation, central bank responses and geopolitical uncertainty will lead to a slowdown in global economic growth. In this uncertain demand environment, the introduction

The company will carefully control its operating costs to cope with the inflationary environment. In addition, Duffy Marine will continue to integrate its recent acquisitions and continue to develop its two-wheel-drive strategy for its ocean transportation and logistics businesses.

Overall, the transportation and logistics industry will face difficulties in the second half of 2023, but Duffy Marine is confident that it will weather this phase through its strategic advantages and financial strength.