- Steady iron ore cargo programmes from Brazil, Australia lift freights
- Limited demand, ample vessel availability weigh on Supramax rates
Dry bulk iron ore freight markets remained firm in the week ended 11 August 2026, with Capesize rates strengthening across key Pacific and Atlantic routes. Steady iron ore loading programmes, particularly from Australia and Brazil, supported chartering activity, while balanced-to-tight prompt tonnage helped owners maintain firmer offers.
In the Pacific, sustained Australian iron ore shipments and healthy cargo enquiries continued to support freight levels. Market sentiment remained constructive as charterers competed for suitable vessels, particularly for prompt and short-period requirements.
The Atlantic also retained a positive bias, underpinned by regular Brazilian and South African cargo programmes. Stronger long-haul requirements provided additional tonne-mile support, while limited prompt availability helped sustain owner confidence.
In contrast, Supramax freights remained broadly stable, with subdued minor bulk activity and adequate vessel availability limiting rate gains. The segment lacked the stronger cargo momentum seen in Capesize, keeping chartering sentiment comparatively cautious
Route-wise update
Outlook
Dry bulk iron ore freight is expected to remain firm through the coming week, provided Australian and Brazilian loading programmes remain steady. Tightness in prompt Capesize tonnage could provide additional support, although any slowdown in cargo enquiries or improvement in vessel availability may limit further gains. Supramax rates are likely to remain subdued unless minor bulk demand strengthens.
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