Manufacturing industry transfer, with Maersk, DaFei and other shipping companies taking the lead in increasing the number of voyages in the region
According to the latest monthly report of Container xChange, shipping companies have been providing services in the Indian subcontinent and the Middle East because these two regions are not only feasible regions with rich resources, but also strategic places. As geopolitical tensions between the United States and China continue to escalate, manufacturers have shifted their production bases from China to other regions such as the Indian subcontinent and Southeast Asia. These regions are currently building manufacturing centers and actively building more compact consumer markets.
Recently, COSCO Shipping Port announced a $375 million acquisition of a 25% stake in the new container terminal in Sohina, Egypt, with the project expected to run for up to 30 years. The container capacity of the terminal after completion will reach 1.7 million TEUs.
Maersk Shipping also responded by integrating the two emerging markets of West Asia, Central Asia and Africa to form the IMEA (Indian subcontinent, Middle East and Africa) region. The main markets in this new region are India, Pakistan, the United Arab Emirates, Saudi Arabia, South Africa, Kenya, C ô te d'Ivoire, Cameroon, Nigeria, Senegal, and Ghana.
In addition, French shipping company Daffy has announced the launch of a new Bangladesh India Gulf Express (BIGEX) service, which greatly shortens operating time and improves transportation efficiency.