News / Carriers set course for new shores in search of profitable growth

Port Elizabeth © Wirestock Dreamstime.com

Ocean carriers are refocusing their strategies away from the traditional, but oversupplied, east-west routes, seeking growth in north-south trades – although the burgeoning Indian export market is an outlier.

According to a survey by Alphaliner, African trades recorded the highest year-on-year growth, as at 1 November, in percentage terms, with a 21.1% increase in capacity deployed.

The consultant said the fleet deployed on Africa-related services was 354,000 teu higher than the previous year.

“Further growth ...