NTG Navigate – January edition
12. January 2026
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 freight demand increased and maintaining volumes at historically high levels. The market was once more supported by robust tech and e‑commerce flows on Europe–Asia and Intra‑Asia lanes. Global spot rates experienced the expected seasonal rise, though they remained slightly below last year’s levels.
Ocean freight market overview
Ocean capacity continues to expand, supported by strong container volume growth from the Far East to the Indian Subcontinent and Middle East. A clear divergence persists between US‑bound and Europe‑bound trades, with the latter showing stronger underlying demand and rate development. In Q4 2025, all major trade lanes recorded increases in spot rates, highlighting continued market volatility as the year came to a close.


