Freight rates rise globally due to market pressure

Freight rates in international container transport are rising sharply due to capacity shortages, fuel prices, and geopolitical tensions. From Rotterdam and Antwerp, exporters and importers are paying thousands of euros more per container. Companies need to plan early, consider alternative routes, and compare quotes to remain competitive in logistics.

Global Freight Rates Rising

The international shipping sector is facing a significant increase in freight rates. Container transport from Asia to Europe and North America has become significantly more expensive in a short period, with major consequences for exporters, importers, and logistics service providers in the Netherlands and Belgium.

Causes of Rising Transport Costs

The causes of the increase are multifaceted:

• Capacity Shortage: due to congestion in major ports such as Rotterdam and Antwerp, geopolitical tensions in the Red Sea, and rerouting via the Cape of Good Hope, less capacity is available.

• Fuel Prices: the higher bunker prices are directly passed on to customers, increasing the transport costs per container.

• Supply and Demand: despite economic uncertainty, the demand for goods from Asia remains high, causing ships to fill up quickly.

• Schedule Disruptions: extreme weather conditions and strikes lead to delays and additional costs.

Impact on Exporters and Importers

For Dutch companies, the consequences are significant. A 40ft container from Rotterdam to Shanghai now costs thousands of euros more than a few months ago. This puts pressure on exporters' margins and increases prices for importers, who must pass on costs to their end customers.

Additionally, delays in supply chains are emerging. Companies need to book earlier and account for longer lead times. There is a risk that containers may not make it onto the planned departure, affecting the reliability of deliveries.

Possible Solutions

Many shippers are looking for alternatives:

• Multimodal Transport: combination of sea, rail, and road transport.

• Rail via Central Asia: an alternative route that can be faster than sea but is more expensive.

• Comparing Quotes: rates vary greatly by shipping company, allowing forwarders with extensive networks to offer advantages.

Outlook for 2025

Analysts expect freight rates to remain high as long as capacity is limited and geopolitical uncertainty persists. Companies must account for persistently higher costs and more volatility in container transport.