Sea trial completed for hospital ship Global Mercy

Sea trial completed for hospital ship Global Mercy
The “Global Mercy” during the sea trial

Stena RoRo is leading the project for the construction of the Global Mercy, the world’s largest civilian hospital ship. After several years of construction at the Tianjin Xingang shipyard in northern China, the final test, the official sea trial, has now been completed with good results. The shipyard will present the ship for delivery this summer and the vessel will then sail to Antwerp in Belgium on its...

Plus scores SPAC deal as Wall Street sizes up TuSimple prospects

Self-driving truck software developer Plus signed a definitive agreement Monday to merge with special purpose acquisition company (SPAC) Hennessey Capital V in a deal expected to bring $500 million in cash and a $3.3 billion valuation to Plus in Q3.

Hennessey is a veteran creator of shell companies funded by “blank check” investors seeking to profit from merging with a startup or early-stage company. Hennessey sponsored the public debuts of flatbed logistics company Daseke Inc. (NASDAQ: DSKE) in...

New air cargo service connects China to Mexico City

Aeroméxico Cargo launched a route Saturday between Wuhan, China, and Mexico City, becoming the first regular service from the Chinese mainland to Latin America, according to a release.

The twice-a-week service could handle as much as 3,500 metric tons of cargo annually between Wuhan-Tianhe International Airport and Mexico City International Airport.

“The growth of e-commerce, the transport of medical supplies and high-technology products from [Wuhan] to the rest of the world has been exponential...

Iron Ore Prices Surge As Demand Grows

Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years, reports S&P Global.

 Soaring prices 

Unless China drastically cuts steel output – which seems unlikely as Q1 output rose 16% on year – or global iron ore supply increases significantly, it is difficult to see what will cause benchmark prices to retreat to consensus views of around $100/mt...

Singapore Bunkers Demand Likely To Be Hit

China discount may hit Singapore bunker demand, says an article on Argus Media.

Pandemic hits bunker demand

Demand for bunkers in Singapore will likely be hit by lower prices in China and recent crew change restrictions following the discovery of a Covid-19 cluster on board a bunker vessel in the city-state.

New – Covid19 cluster

A new Covid-19 cluster was reported in Singapore on 24 April after four community cases were linked to an Indonesian sea crew member who tested positive for the virus. The...

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