CMA CGM has applied an “Emergency Revenue Charge” for U.S. exports to Latin America. At $320 per FEU that compares to global average container shipping rates of $4,500 per FEU and may be driven by knock-on congestion from North American ports. Given the soaring profitability of the container line sector the move may draw negative attention from the Federal Maritime Commission. CMA CGM was the fourth largest container line on U.S. to Latin American ports with an 8.5% share in the 12 months to March 31, with Maersk and MSC leading with shares of 30.0% and 28.2% respectively. Exporters to M...