Iron ore freight rates diverge w-o-w as Atlantic strengthens while Pacific eases

• Ample tonnage weighs on parts of the Pacific market
• Long-haul demand provides support to Atlantic freight

Dry bulk iron ore freight markets showed a mixed trend in the week ended 18 August 2026, with Atlantic markets retaining a firmer tone while parts of the Pacific softened. Fresh cargo enquiries and fixture activity provided support in selected markets, although vessel availability continued to limit broader rate gains.

The Atlantic maintained a relatively positive bias, supported by steady Brazilian cargo programmes and sustained long-haul requirements. Continued tonne-mile demand helped underpin owner sentiment, particularly where prompt vessel availability remained limited.

In the Pacific, market conditions were more uneven. Australian cargo activity continued to provide a base for freight demand, but ample tonnage and a lack of stronger fresh enquiries weighed on sentiment in some areas. This resulted in greater pressure on rates despite ongoing iron ore flows into China.

India-origin activity remained comparatively steady, with fresh enquiries and fixtures lending support to the market. However, the smaller-vessel segment continued to see more restrained momentum as adequate vessel availability and limited minor-bulk demand capped gains.

A shipbroker informed, ” A supramax vessel was booked from Paradip to Qingdao at freight $14.5/t for laycan period of early September.”

Route-wise sentiment

Outlook

Iron ore freight markets are expected to remain mixed but broadly supported in the coming week. Continued Brazilian and Australian loading programmes should provide a foundation for Capesize demand, while sustained long-haul activity could offer further support to Atlantic freight.

However, increased vessel availability and any slowdown in fresh cargo enquiries could limit further gains, particularly in the Pacific. Supramax freight is likely to remain subdued unless minor-bulk demand strengthens meaningfully.