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Explore whether global shipping is approaching its peak, examining market trends, freight demand, fleet capacity, and the outlook for maritime trade.

South Africa is restructuring its ports sector by making the Transnet National Ports Authority (TNPA) an independent state-owned company, while opening the door to greater private investment. The reform aims to improve port performance, attract investment and strengthen trade competitiveness, though congestion and reliability issues remain a short-term risk.

Asian port congestion is expected to take 7–10 months to unwind, with around 3m TEU of capacity tied up in delays. Record freight rates, typhoon-related disruptions and spreading congestion are creating tight capacity, higher rates and less predictable transit times heading into 2027.