by Brad Ferguson
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Ocean freight demand is projected to grow around 3% in 2025, below the Drewry forecast of 3–4%, as low consumer confidence and increasing import tariffs weigh on the U.S. market. Despite recent record months, manufacturing indices in China, the U.S., and Europe have underperformed. On the supply side, a surge in new vessels is expanding capacity, risking oversupply if economic growth remains weak. Current rerouting around the Cape of Good Hope is temporarily absorbing capacity, but a return to Suez Canal transit could expose a sharper imbalance. In air freight, eCommerce is driving robust demand and premium rate levels. This growth is tightening capacity availability and pushing rates upward.
Site source – Drewry, link below to World Container Index, August 7, 2025
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