Summary of Maritime Freight in 2024.

The year 2024 began with a blockade in the Red Sea caused by an attack from the Houthi rebels, a group controlling the western coast of Yemen. This diverted routes toward Southern Africa, increasing global rates by up to 60%. Although the routes from Asia to South America were less impacted, they also experienced delays and additional costs.

Between February and April, global rates dropped by 19%, thanks to the adaptation of shipping companies and the calm in demand following the Chinese New Year. However, this relief was brief.

Between May and August, rates hit historical highs due to an increase in attacks on ships in Yemen and an unusual advance in purchases. Countries like Brazil concentrated electric vehicle imports before tariff hikes, occupying much of the available capacity.

Starting in September, rates began to decline with the normalization of the Panama Canal and the resolution of labor disputes in the United States. Although prices are still high, they show a more stable trend for 2025.

The year 2025 could bring a slight decrease in rates thanks to an increase in fleet capacity and operational improvements. However, factors such as the Red Sea blockade and adjustments in Brazil could create new pressures in the market.