Maersk Sees 10% East African Freight Growth as Harbors Develop

A.P. Moeller-Maersk A/S freight volumes will probably increase by as much as 10 percent in the East African region this year, helped by accelerating economic growth and improved efficiency at major ports.

“In East Africa, we are seeing increased political stability, a growing middle class, infrastructure development and oil resources that will drive growth,” Steve Felder, the Danish shipping company’s managing director for the region, said by phone from Johannesburg on Monday.