NTG Navigate – November edition
10. November 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 freight markets remained balanced in September, with demand and capacity rising at similar rates, keeping load factors steady. Strong technology, semiconductor, and e-commerce exports supported volumes, while selective capacity deployment stabilised pricing. Despite cost pressures, rates held firm, signalling resilience as the industry enters the final quarter.
Ocean freight market overview
Ocean freight markets remain under pressure despite strong volumes and fleet expansion. Capacity growth has outpaced demand, driving rate declines and challenging carrier profitability. Tariff uncertainty continues to weigh on U.S. imports, while trade lanes towards Europe sees growth. Capacity management and geopolitical developments could shape near-term stability on the ocean freight market.


