SIMIC

AS Southeast Asia is predicted to attract a greater share of manufacturing away from China, liner trades are enhancing their service offerings, while the 16,000-TEU CMA CGM Alexander Von Humboldt arrived at Jakarta International Container Terminal (JICT), reports Singapore's Splash 247.
This marks the first of three 16,000-TEU vessels from CMA CGM's series to call at JICT.
The ship is operating on the CMA CGM Columbus JAX service, which provides direct connections between Jakarta and the US.
"This development is designed to facilitate increased trade volumes between Indonesia and her second largest export market, which is forecasting a double-digit export growth by the end of 2022," said CMA CGM.
This year, new records for container ship sizes are being set in other emerging manufacturing hubs in southeast Asia, such as Vietnam.
The changing geopolitical situation is causing concern for many, signalling the end of the era of "Chimerica."
According to World Bank data, China's global manufacturing capacity was just 9.4 per cent in 2005, with the US and Japan taking the top two spots at 21.8 per cent and 13.5 per cent respectively.
By 2020, China had risen to the top with 28.5 per cent, while the West's share had declined from 70.5 per cent to 53.2 per cent, including Japan and South Korea, with a 17-point decline that nearly matched China's 19-point gain.
However, this dominance appears to have peaked this year, as the Covid crisis, a more assertive China and tensions in the Taiwan Strait have prompted many companies to seek alternative locations to manufacture their goods.