Global Shipping Capacity Shifts to Asia and Africa as US Trades Stagnate
A significant realignment is occurring in global container shipping as new vessel capacity is primarily absorbed by intra-Asia and Asia-Africa trade routes. According to Linerlytica, over one million TEU of new capacity has been delivered this year, with a quarter deployed within Asia and another 11% on Africa-bound services. This growth is largely driven by strong demand and Chinese investment, bolstering freight rates on these developing lanes. In contrast, major east-west trades, including the transpacific route to the US, have seen capacity reductions. This trend highlights a fundamental shift in global trade flows away from traditional mainline routes.
Official Source: https://theloadstar.com/asia-and-africa-soak-up-new-shipping-capacity-as-us-trades-tread-water/
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