Container xChange : Box lines step up calls to Indian subcontinent and Middle East amid manufacturing shift

HAMBURG: Shipping lines have been creating services in the Indian sub-continent and the Middle East as these regions are now creating hubs for manufacturers, and there is the infrastructure to support ocean transport, according to Container xChange’s latest monthly report.

Amid rising geopolitical tensions between the US and China, manufacturers have been diversifying their production bases awayfromChinaandtootherregions, such as the Indian subcontinent and SoutheastAsia.

Recently, COSCO Shipping Ports announced the US$375 million purchase of a 25% stake in Egypt’s SokhnaNewContainerTerminal.The project will operate for 30 years. It is believed that once complete, the terminal’s container capacity will reach1.7millionTEU.

In addition, French carrier CMA CGM announced the launch of the new Bangladesh India Gulf Express (BIGEX) service, which began sailing from the port of Chittagong on 5 April, and will offer Bangladesh and India a direct connection with the Persian Gulf. The transit times will be much faster and exports from Chittagong will reach Nhava Sheva and Mundra within 10 days and Jebel Ali and Abu Dhabiwithin15days.

Container xChange also noted that Maersk Line integrated two emerging markets – West & Central Asia and Africa – to form a new combined IMEA (Indian subcontinent, Middle East and Africa) region. The primary markets for this newregionwillbeIndia,Pakistan,the UAE, Saudi Arabia, South Africa, Kenya, Ivory Coast, Cameroon, Nigeria, Senegal, and Ghana, among others. m.v.

Maersk clarified that its customers would continue to work with the same teams and that the products and solutions they are offered will stay the same until informedotherwise.

The Indian sub-continent and the Middle East are thus not just viable regions thriving in resources but also strategic locations. The regions are nowcreatinghubsformanufacturers, building infrastructure to support ocean and air transport, and actively making consumer markets more compact. Evidently, global supply chains are now getting more efficient with better accessibility and higher potential.

“IAN H” V-32E

The above vessel is arriving at MUNDRA PORT on 23-04-2023 with Import Cargo in containers.

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Consignees are requested to obtain DELIVERY ORDERS from our office address given below on presentation of ORIGINAL BILLS OF LADING, duly discharged and on payment of applicable charges.

Consignees are requested to note that the carrier and or agents are not bound to send further individual notification regarding the arrival of the cargo vessel or their goods.

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