Ocean Freight Market Update
October 2025
What’s shaping Ocean Freight in 2025? Explore how various global dynamics are impacting the industry.
Global Ocean Freight Market Overview
Demand
- Global demand grew +9% YTD, but volumes have been flat since mid-year; Asia–North America trade fell -9% YoY, while exports from Asia to Europe, Middle East, and Latin America surged, showing trade is shifting rather than shrinking.
Capacity
- Fleet capacity increased +7% YoY, supported by strong orderbooks; however, effective growth is limited by port congestion and Suez diversions, meaning actual available space is lower than nominal figures suggest.
Rates/News
- Spot rates fell -48% YoY, back to 2023 levels after a weak summer; carriers are blanking sailings and cutting chartered capacity to stabilize the market.
- US tariffs average 18% (up to 50%), shifting sourcing from China to Southeast Asia; new US port fees for Chinese-built vessels began in October 2025, with no immediate impact on shippers.
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Latest Trade Lane Updates
Far East Westbound
- Rates on ASPA–Europe NC and MED are trending down.
- Golden Week will keep October soft; utilization around 90–95%.
Transpacific Eastbound
- Market remains volatile; rates to West Coast and Mexico continue to fall.
- Expect more blank sailings in October as carriers adjust capacity.
Asia to Middle East, North Africa and Turkey (MENAT)
- Stable demand with short-term promo rates.
- Structural blanks announced for Middle East and South Africa.
Indian Subcontinent to Europe/Mediterranean
- Volumes slowing ahead of festival season.
- FAK (Freight All Kinds) levels continue to drop; congestion in Bangladesh has improved.
Indian Subcontinent to United States
- US tariffs (up to 50%) are suppressing demand, pushing rates down.
- Multiple blank sailings expected if low demand persists.
Asia to Latin America
- Significant blank sailings planned through November.
- Utilization at 85–90% to East Coast South America.
Trans-Atlantic
- Demand remains soft across key routes.
- Congestion persists at major Northern European ports, impacting reliability.
Detailed Ocean Freight Market Update
Discover the latest trends, key market developments, and expert analysis that can impact your logistics strategy.
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