Source: Intermodal According to Mr. Nikos Tagoulis, Research Analyst with Intermodal, “a key point for the sector remains the ongoing supply chain disruptions in the Red Sea. The diversion of routes through the Cape of Good Hope, adopted by many industry players (more than 700 vessels are rerouting), are backing up positive market conditions.
A possible resolution of disruptions coupled with a subsequent increase in Suez Canal transits could shift quickly market dynamics, pushing freight rates downwards. The situation and developments in the Red Sea will be critical for 2025 outlook”. “Environmental policies continue to be influential, with focus on achieving greener shipping practices and reducing greenhouse gas emissions.
Following the implementation of the Hong Kong Convention for recycling of ships in June 2025, setting more strict regulations for owners and yards towards a more sustainable demolition system, an increase of the demolition activity is estimated for the next years. At the same time, slower speeds are expected to absorb some active tonnage, as operators put efforts to comply with the set of environmental regulations”, Mr. Tagoulis said.
Meanwhile, “freight rates have slightly retreated in smaller sectors, afte the peak levels reached over summer. The 6-12 month TC rate for an Eco-design 1,750 teus feeder vessel currently stands at $25,000/day, about 22% lower than the peak rate of $32,000/day recorded in July 2024. However, on larger vessels, rates.