Carriers Set Course for New Shores in Search of Profitable Growth

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, with a 21.1% increase in capacity deployed. Meanwhile, Latin American trades recorded 17.5% growth during the 12-month period, with capacity deployed on services increasing by 562,000 teu (source: The Loadstar).