Splash 24714 Aug 2026AI generated
Broker SSY reports that very large ore carriers above 220,000 dwt moved nearly half of Simandou shipments in the first half of 2026, while Chinese tonnage accounts for almost 40% of the current VLOC orderbook. Winning International took delivery in June of the first of its 325,000 dwt WinningMax ore carriers, built specifically around its integrated Guinea logistics chain spanning mines, rail, ports, transhipment and ocean transport. China Merchants Energy Shipping's Hong Kong subsidiary Ming Wah Shipping agreed in July to supply tonnage to China Mineral Resources Group's International Supply Chain arm, which holds broad control over Simandou ore ocean carriage.