Container lines trying to weather demand downturns in traditional or high-volume markets – are pouring more tonnage into Indian trades, as the emerging economy is forecast to grow faster than its larger counterparts, notably China, says an article published on loadstar website.
Economic Expansion Focus
Container lines strategically redirect tonnage to Indian trades, anticipating the nation’s faster economic growth compared to larger counterparts, notably China, amid shifts in supply chain patterns.
India-US Trade Boost
Carriers, eyeing opportunities, particularly in India-US trade, anticipate a surge in demand as supply chain patterns diversify in the Asian region.
ONE’s Strategic Move
Singapore-based liner Ocean Network Express (ONE) unveils a new solo connection between West India and the US, exemplifying the industry’s focus on tapping into the potential of the Indian market.
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Source: loadstar
