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Iron ore remains a standout performer among major commodities this year as it holds above $100 a metric ton despite mounting signs that the steel sector in top importer China is softening. The most-traded iron ore contract on the Singapore Exchange ended at $101.71 a ton on Wednesday, down from $102.74 at the prior close. ...
https://www.hellenicshippingnews.com/china-iron-ore-imports-hold-up-as-storm-clouds-gather/
https://www.hellenicshippingnews.com/china-iron-ore-imports-hold-up-as-storm-clouds-gather/SSE Renewables has secured the final major consent for its 4.1 GW Berwick Bank offshore wind farm, with Scottish ministers granting approval under Section 36 for the project’s main offshore array. Located about 38km off the East Lothian coast in the outer Firth of Forth, the Berwick Bank site stands ready to move toward construction, …
https://splash247.com/scotland-greenlights-mammoth-offshore-wind-project/
https://splash247.com/scotland-greenlights-mammoth-offshore-wind-project/The protracted biggest ports sale in history made multiple headlines this week. CK Hutchison, the Hong Kong-based conglomerate, confirmed on Monday that it is in discussions to bring a “major strategic investor” from China into the bidding consortium for its $22.8bn global ports business. The move follows the expiration of a 145-day exclusivity agreement with …
https://splash247.com/splash-wrap-hutchison-ports-caught-in-trump-beijing-crossfire/
https://splash247.com/splash-wrap-hutchison-ports-caught-in-trump-beijing-crossfire/The explosion in global demand for data processing and storage is colliding with constraints on land-based infrastructure, leading to new maritime solutions: floating data centres. These facilities, hosted on barges or retrofitted ships, promise flexibility, cheaper deployment, and relief from land and water resource pressures. Nautilus Data Technologies has pioneered the model, operating Stockton 1 …
https://splash247.com/floating-data-centres-become-a-new-segment-for-shipping-to-pursue/
https://splash247.com/floating-data-centres-become-a-new-segment-for-shipping-to-pursue/Greek dry bulk owner Diana Shipping has increased its stake in US-listed peer Genco Shipping & Trading. Filing with the US Securities and Exchange Commission shows the Semiramis Paliou-led Diana paid a total of around $61.7m for 4.29m of Genco’s shares, corresponding to a 9.99% stake. In July, Diana disclosed a 7.7% position in Genco …
https://splash247.com/diana-shipping-reaches-near-10-stake-in-genco/
https://splash247.com/diana-shipping-reaches-near-10-stake-in-genco/Pierre Aury provides readers with a history of electricity generation and why the push for renewables could still be a net positive for shipping. Shipping’s been carrying growing volumes of fossil fuels for a longer period of time than anticipated. In the late 19th century, Thomas Edison and Nikola Tesla were locked in the war …
https://splash247.com/electricity-blackouts-are-a-blessing-for-shipping/
https://splash247.com/electricity-blackouts-are-a-blessing-for-shipping/The future of two of Panama’s most strategic ports is hanging in the balance after president José Raúl Mulino said on Thursday that public-private partnerships could assume control of the Balboa and Cristobal terminals if the courts strike down the operating contract of Hong Kong-based CK Hutchison Holdings. The announcement follows legal challenges filed by …
https://splash247.com/hutchison-faces-court-challenge-for-control-of-ports-in-panama/
https://splash247.com/hutchison-faces-court-challenge-for-control-of-ports-in-panama/Malaysia has introduced new regulations to combat illegal ship-to-ship (STS) oil transfers in its territorial waters, a move that could disrupt operations of the so-called shadow tanker fleet moving sanctioned oil to China. Under the new rules, vessels caught conducting unauthorised STS operations will face immediate detention, with the release process expected to take weeks. …
https://splash247.com/malaysia-cracks-down-on-illegal-ship-to-ship-transfers/
https://splash247.com/malaysia-cracks-down-on-illegal-ship-to-ship-transfers/The outlook for the second half of 2025 in the global container shipping market is shaping up to be a disappointing one, with weak demand, overcapacity, and trade policy turbulence leading liners to rethink their full-year financial outlook. Today saw Japan’s Ocean Network Express revise downwards its projections for the full fiscal year, other lines …
https://splash247.com/unexciting-container-market-sees-liner-cfos-adjusting-full-year-forecasts/
https://splash247.com/unexciting-container-market-sees-liner-cfos-adjusting-full-year-forecasts/Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable more vessel transits is unconstitutional.Some 2…
https://www.marinelink.com/news/panama-communities-challenge-canal-528566
https://www.marinelink.com/news/panama-communities-challenge-canal-528566