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- May 23, 2017 /
- by Beth Peterson /
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By Gavin van Marle
CMA CGM will levy a cancellation fee on European shippers and forwarders that do not deliver their containers for booked services to Indian subcontinent, Middle East Gulf and Red Sea ports.
In remarks that echo some of the problems carriers were having with space on the eastbound trades out of Europe, the French carrier said “no-shows” were preventing it serving other shippers.
“CMA CGM has been facing a large number of shortfalls due to late cancellations preventing us from accepting bookings on behalf of other valued customers,” the company said in a statement.
The line says it will apply a $150 per teu cancellation fee on all equipment types, except reefer containers, from 1 June on applications to cancel or transfer a booking made less than seven days before the sailing date.
The fee will also apply to no-shows and will be applied to the party that made the booking – principally freight forwarders.