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Africa’s maritime shipping sector is charting a course toward recovery, with recent figures pointing to a gradual rebound in vessel consumption, import volumes and regional production. A newly released report from IndexBox forecasts that the continent’s market for ships and ferry-boats—primarily used for transporting people—is expected to reach a valuation of $615 million and 396 units in volume by 2035, supported by modest annual growth in both demand and production capacity.

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Africa’s ship market to reach $615 million by 2035: IndexBox report
A report by IndexBox shows Kenya, Sierra Leone & Nigeria lead in ship market value, with Sierra Leone topping per capita use.
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