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China, the world’s largest iron ore consumer, has received its first shipment of iron ore from the Simandou mine in Guinea in West Africa, in which Beijing has heavily invested to increase supply security. China, which imports 80% of its iron ore from Australia and Brazil, has been attempting to diversify its supply by expanding ...
https://www.hellenicshippingnews.com/china-receives-first-shipment-of-simandou-iron-ore/
https://www.hellenicshippingnews.com/china-receives-first-shipment-of-simandou-iron-ore/Today, Monday, January 19 2026, the Baltic Dry Index climbed by 83 points, reaching 1650 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1650-up-83-points/
https://www.hellenicshippingnews.com/baltic-dry-index-climbs-to-1650-up-83-points/Singapore-based upstream energy investment firm Samos Energy has executed a ship sale agreement for the acquisition of the FSO Suksan Salamander from Altera Infrastructure. The unit is currently deployed on the Bualuang oil field offshore Thailand, operated by Medco Energi Thailand. As part of the transaction, Samos has partnered with FPSO Ventures, a specialist in …
https://splash247.com/samos-energy-buys-fso-in-southeast-asia-from-altera/
https://splash247.com/samos-energy-buys-fso-in-southeast-asia-from-altera/Another stopped US offshore wind project will resume construction after a federal judge temporarily lifted the Trump administration’s suspension of the project. The US Department of the Interior halted five offshore wind projects under construction, worth over $10bn in combined investment, citing national security concerns – Vineyard Wind 1, Revolution Wind, Coastal Virginia Offshore Wind, …
https://splash247.com/another-us-offshore-wind-project-fights-off-trump-suspension/
https://splash247.com/another-us-offshore-wind-project-fights-off-trump-suspension/A Qatari fund and the ports arm of Mediterranean Shipping Co (MSC) have signed a $2.7bn deal to develop Libya’s Misrata port. The project will increase the port’s handling capacity to 4m teu per year. Misrata, the country’s main non-oil terminal, handles almost two-thirds of the country’s container traffic. The project brings together the Misrata …
https://splash247.com/msc-to-co-develop-libyas-largest-boxport/
https://splash247.com/msc-to-co-develop-libyas-largest-boxport/Houston-based Fleetzero has successfully raised $43min Series A funding, led by Obvious Ventures with participation from a powerhouse coalition of investors, including Maersk Growth, Breakthrough Energy Ventures founded by Bill Gates, and 8090 Industries. MOL PLUS, the investment arm of Japan’s largest shipowner, Mitsui OSK Lines (MOL), invested in the marine battery maker two years …
https://splash247.com/maersk-and-bill-gates-back-american-battery-pioneer/
https://splash247.com/maersk-and-bill-gates-back-american-battery-pioneer/Hong Kong’s Caravel Group announced today Angad Banga has taken over from his father, Harry Banga, as group CEO of the commodities and shipmanagement giant. Harry Banga will continue to lead the group as founder and executive chairman. “It is with immense pride—both as the founder of this company and as a father—that I extend …
https://splash247.com/angad-banga-takes-the-reins-at-caravel/
https://splash247.com/angad-banga-takes-the-reins-at-caravel/Italian authorities have detained a 27-year-old handysize bulk carrier in the port of Brindisi on suspicion of breaching EU sanctions against Russia, following irregularities linked to a shipment of about 33,000 tonnes of ferrous metals. The detention was carried out by the Guardia di Finanza in cooperation with customs officials, after inspectors flagged what were …
https://splash247.com/italy-seizes-sanctions-busting-bulk-carrier/
https://splash247.com/italy-seizes-sanctions-busting-bulk-carrier/Sinokor’s stunning raid in the tanker sale and purchase markets over the past six weeks is on course to make the Korean shipowner the largest operator of VLCCs in the world. Brokers are agog at Sinokor’s market-altering decision to largely exit the container scene, selling most of its boxships to Mediterranean Shipping Co (MSC), in …
https://splash247.com/sinokor-to-top-vlcc-operator-charts-following-stunning-sp-raid/
https://splash247.com/sinokor-to-top-vlcc-operator-charts-following-stunning-sp-raid/Today the U.S. District Court for the Eastern District of Virginia granted Dominion Energy’s request for a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project while Dominion Energy’s lawsuit challenging the agency’s action proceeds.
https://www.marinelink.com/news/us-district-court-allows-coastal-virginia-534556
https://www.marinelink.com/news/us-district-court-allows-coastal-virginia-534556