Ocean carriers are making significant shifts in their service deployments, moving from a China-centric approach to focusing on emerging markets such as Southeast Asia, the Indian Subcontinent and Latin America due to geopolitical tensions, says the latest update from Dimerco. "The global container fleet grew by 10.6 percent between June 1, 2023 and June 1, 2024. This substantial capacity increase of 2.85 million TEU slots has allowed carriers to deploy more ships on liner services between Asia and Latin America, the Indian Subcontinent/Persian Gulf, and Asia/Europe/Mediterranean."
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