Global Maritime Firms Prioritize Expansion in West Africa
Rerouting of global trade around the Cape of Good Hope has presented growth opportunities for some regions in Africa. Particularly, West Africa has greatly benefited from the diversion of the shipping traffic, with major maritime companies expanding their presence in the region. The longer voyage around the Cape of Good Hope has spiked demand for bunker fuels at emerging supply points in Africa. In addition, demand for ship repair services is also rising, an opportunity that West African countries appear...
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