According to Sea News International Service, the maritime consulting firm Drewry has released a report forecasting the global maritime transport market in 2025.
The report states that the global maritime transport market in 2025 will face turbulent conditions, with rates expected to remain high despite a relative decrease on certain routes. While new ship deliveries may add capacity to the market, a combination of geopolitical uncertainties and structural changes in the market is likely to sustain these high rates, presenting challenges for cargo owners similar to those seen in 2024.
Many experts believe that ongoing conflicts in the Red Sea and potential disruptions in U.S. ports, such as the recent three-day strike by the International Longshoremen’s Union in October, could increase inflationary pressure on spot rates across various routes. Another strike may occur in January, causing concern among cargo owners.
According to Drewry, geopolitical tensions will continue to be a major influence on the market. Conflicts in sensitive areas like the Persian Gulf and the Suez Canal—some operations of which are suspended until 2026—have forced shipping companies to consider alternative routes, leading to increased costs and reduced transport capacity.
The report adds that tariff developments, especially from the United States, could also impact cost increases. It is expected that tariffs on imports from China, particularly on the trans-Pacific corridor, may temporarily push rates higher. Additionally, with increased demand for the China-Mexico route as an alternative to the U.S., rate hikes are also anticipated on these routes.
Changes in Shipping Companies’ Structure and Strategies
Structural changes and cooperation among shipping companies in early 2025 will also significantly impact the market. Changes in routes, entry ports, and transport frequency could disrupt operations, affecting the reliability and timing of voyages. Meanwhile, due to intense spot market fluctuations, cargo owners are seeking long-term contracts with fixed rates to achieve greater stability and predictability.
Sustainable Approaches in a Turbulent 2025 Market
Under current conditions, some shipping companies are offering fixed-rate services to help clients maintain stable and efficient supply chains amid high geopolitical risks and market disruptions. These contracts have become particularly attractive for companies seeking budgetary stability and greater assurance.
The maritime transport market in 2025 is expected to continue facing significant challenges, prompting cargo owners to consider various options, including long-term fixed-rate contracts, to manage these changes effectively.
Source: www.metro.global
