Despite geopolitical uncertainties and shifting trade routes, dry bulk demand is projected to grow approximately 2.5% this year. Longer-haul voyages and evolving commodity flows are reshaping ton-mile demand and creating new commercial dynamics for owners, operators, and charterers.
Veson’s latest Market Insights analysis explores the key forces shaping 2026: Iron ore ton-mile demand is projected to increase approx. 2.7% as Guinea’s Simandou iron ore mine triples sailing distances to China, more than offsetting declining volumes
Minor bulk demand is forecast to grow 3.3%, driven by green energy infrastructure investment and a 27% surge in Chinese bauxite imports last year
Renewed US-China trade engagement is revitalizing grain flows, with Panamax lead times signaling strengthening rates ahead For commercial teams, operators, and market analysts, understanding how these shifts translate into freight performance and asset values will be critical in the months ahead.
