Sea trial completed for hospital ship Global MercyThe “Global Mercy” during the sea trial
Stena RoRo is leading the project for the construction of theGlobal 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...
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...
The Pakistan Navy has confirmed that the keels of two future ships that will join its fleet were recently laid during separate ceremonies held in China and in Turkey. The ..
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...
Holland’s Glorie is a novel published in 1940 by the Dutch writer Jan de Hartog. The novel glorified the life of the pre-war salvage master. In English, it was publishe ..
By Elizabeth Low and Alfred Cang (Bloomberg) — Shipyards in the Chinese coastal city of Zhoushan have banned vessels that called at or changed crews in India in the last three…
A new high-speed catamaran ferry has begun operational sailings out of the city of Zhoushan in China’s Zhejiang province, Built by Jianglong Shipbuilding for local ..
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...
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...
Germany’s Combi Lift recently took delivery of a new non-self-propelled cargo pontoon from Damen Shipyards Group. Named Tomsk, the vessel will be used to support th ..
