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Freight Market Volatility to Persist Through 2025 Despite Suez Canal Reopening, Says Expert

April 24, 2025 2 min read
author Anamika Mishra [Sub Editor]
Shippers should brace for continued volatility in container shipping freight markets through 2025, as the recent reopening of the Suez Canal is unlikely to immediately alleviate disruptions and high freight rates. This assessment comes from Lars Jensen, CEO of Vespucci Maritime, who shared his insights during a recent episode of The Freight Buyers' Club podcast. Jensen, a prominent container shipping analyst, discussed the potential ramifications of the ongoing Red Sea crisis on global trade. He highlighted that if the crisis persists, leading to the significant rerouting of global container shipping fleets around southern Africa, global shipping capacity will remain constrained and susceptible to further disruptions. Even in the event of an unexpected stabilization in the Middle East and a cessation of Houthi attacks on global trade, Jensen cautioned that it would take a considerable amount of time for shipping networks to normalize. "If you're in the freight buying business and seeking stability, you might need to reconsider your career path," he remarked, emphasizing that the next 18 months will likely be marked by substantial challenges, with stability being the least likely outcome. Jensen outlined a probable scenario where the Red Sea crisis endures, leading to "sustained high freight rates" and "ongoing volatility." Even

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