Topic “Shipping” — Exporter Magazine

A record surge in trade between Asia and Africa to as much as USD$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG (DPW) to expand shipping links between the continents, according to Bloomberg. India is suffering growing pains as global demand for its agricultural and manufacturing goods is greater than its transportation infrastructure can handle, according to the Shipping Gazette. Maersk, the world’s largest container shipping line, has told shippers they now face extra charges for cargo that does not show up, but at the same time, the company also said it will also compensate shippers for cargo that is not loaded, according to the Shipping Gazette. Rates for mid-sized dry bulk carriers on key Asian freight routes are expected to rise in the near future with tight supplies in the supramax market due to strong intra-Asia demand, according to a Reuters report. Despite fears to the contrary, all major ocean carriers survived the global economic downturn by cutting capacity through layups and slow steaming, according to the Shipping Gazette citing this year’s Drewry’s Annual Market Review & Forecast 2010-11.