NTG Navigate – December edition
10. December 2025
Freight market update
Dive into our latest Air & Ocean Market Update, where we share key insights into the evolving air and ocean freight landscape – including demand trends, capacity shifts, and rate developments.
Stay informed with the latest updates from the NTG team.
Air freight market overview
Air cargo demand surged in October, marking eight consecutive months of growth and setting a new record high. Strong performance on Europe–Asia and intra-Asia lanes, driven by tech and e-commerce, offset weakness on Transpacific routes. Despite this momentum, global spot rates fell 3% while capacity grew 5%, continuing to outpace demand and maintain downward pressure on pricing.
Ocean freight market overview
Growing capacity across fronthaul routes is exerting downward pressure on rates, challenging carriers’ ability to sustain price increases. Meanwhile, speculation over a return to the Red Sea continues, but high-risk insurance remains a major barrier to any significant shift.


