Search results for: Car

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  • 12 December 2016
    Business & Finance

    The car carrier sector has seen an increase in scrapping and almost no new orders in 2016 as vessel owners are trying to combat a decline in global seaborne car trade, according to Clarksons Research. Given the strong link between economic growth, consumer demand and car sales, the car carrier sector has been highly exposed […]

  • 3 October 2019

    More distressed vessel sales expected amid rising costs and vulnerable trade outlook due to rising geopolitical risk.

  • 30 October 2018
    Business & Finance

    Drewry: Car carrier shipping is to continue its recovery, supported by improving utilisation, but headwinds still exist.

  • 30 October 2017
    Business & Finance

    Indian Minister of Shipping has called upon all automobile manufactures to use coastal shipping mode for transporting their vehicles. Shri Nitin Gadkari, the country’s Minister of Shipping, Road Transport & Highways and Water Resources, River Development and Ganga Rejuvenation, informed that, besides saving time, coastal transport will also be more cost effective and environment friendly. The […]

  • 2 December 2019
    Business & Finance

    United European Car Carriers (UECC) secures green financing for its new pure car and truck carriers.

  • 4 September 2018
    Business & Finance

    Siem Group cancells contracts with Croatian cash-strapped shipbuilder Uljanik for four PCTCs.

  • 8 October 2013
    Business & Finance

    A boom in the orders for Pure Car and Truck Carriers (PCTC) emerged in 2012 after a silent two years. This was caused by the number of vessels nearing the end of their expected lifetime, low newbuilding prices and the opportunities ahead provided by the new and wider Panama Canal which will open in 2015. […]

  • 17 June 2019

    The vessel caught fire late on Sunday.

  • 13 December 2017
    Business & Finance

    GoodBulk is selling its shares to collect up to USD 80 million to finance the purchase of six CarVal dry bulkers.

  • 26 March 2018
    Business & Finance

    NYK completed investigation into suspected embezzlement case in Chinese car carrier subsidiary.

  • 13 April 2020
    Infrastructure, Vessels

    German giant Volkswagen Group said it will soon have at disposal two LNG-fueled vessels it chartered from Siem Car Carriers. The sister vessels named Siem Confucius and Siem Aristotle during a ceremony at Xiamen Shipbuilding’s yard in China last year will replace two of Volkswagen’s nine conventional heavy oil-powered ships. They will be deployed on […]

  • 20 May 2015
    Business & Finance

    Japan’s ocean carrier Kawasaki Kisen Kaisha (”K” Line) plans to use some of its 7,500-unit size RORO car carriers currently under construction to transport Hitachi rail cars from Japan to the UK. ”K” Line has signed a contract with Vantec HTS Forwarding, part of Hitachi Transport System Group, to transport Hitachi rail cars for IEP (Intercity Express Programme). These IEP […]

  • 3 July 2020
    Business & Finance

    South Korean Hyundai Glovis has signed a five-year contract with Europe’s largest automaker Volkswagen Group for the sea transport of the entire volume of finished cars exported from Europe to China. The deal was signed with Volkswagen Konzernlogistik, a logistics subsidiary of Volkswagen Group, and covers three firm years plus two more optional years. Under […]

  • 21 November 2019

    The 200-meter car carriers feature 13 car decks and a capacity to transport 4,700 vehicles.

  • 11 June 2015
    Business & Finance

    Tokyo-based ocean cargo carrier Mitsui O.S.K. Lines (MOL) has rebranded its car carrier service into MOL Auto Carrier Express (MOL ACE). MOL will start to use MOL ACE as global brand beginning July 1, 2015. MOL’s car carrier service network includes offices and agencies in about 140 nations around the world, and the MOL Group operates about […]

  • 21 February 2017
    Business & Finance

    The number of cars carried by ferries increased by 1.7% from 8.6 million in 2015 to nearly 8.8 million in 2016, marking the fourth successive year of growth, according to Discover Ferries, the industry body for ferry operators. Representing 11 ferry operators in the UK and Ireland, Discover Ferries reports that growth for car travel by sea is […]

  • 24 April 2015
    Business & Finance

    Oslo-listed Norwegian Car Carriers has placed an order for two Pure Car Truck Carrier (OCTCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The contract stipulates an option for two additional units, shipbuilding data from Asiasis shows. The value of the deal has not been disclosed. The duo of 6,5000 car equivalent units (ceu) capacity is slated […]

  • 21 September 2017

    Environmental protesters from Greenpeace have boarded K Line’s car carrier Elbe Highway, which is transporting Volkswagen cars from Germany, earlier today. The protesters climbed on board the ship at Sheerness in Kent in an attempt to prevent the cars from being unloaded and demanding that they are returned to Germany. “25 Greenpeace volunteers in kayaks […]

  • 8 December 2014
    Business & Finance

    The capacity growth in the Pure Car Carrier (PCC) sector for the next few years looks fairly moderate with the orderbook standing at 11% of the fleet, judging by Clarksons’ recent market review.  Namely, trade is provisionally projected to grow by 5% in 2015, making up for some of the shortfall this year. However, according […]

  • 8 March 2016
    Business & Finance

    A 200-meter car carrier, which ran aground near the port of Buenaventura, Colombia yesterday morning, has been refloated during high tide after being aground for some seven hours, the local news media reported. The Bahamas-flagged Platinum Ray, operated by Greece’s Stamco Ship Management, left the fairway and grounded into a mud shallow in Buenaventura Bay, less than a […]

  • 13 May 2015
    Business & Finance

    Oslo-listed Siem Shipping Inc has placed an order for two car carriers with Croatian shipbuilder Uljanik. Under the deal, Uljanik will build two 7000 ceu pure car and truck carriers (PCTCs) intended for delivery in the second half of 2017. The price is in the process of being finalised, but will be in the region […]

  • 9 November 2012
    Business & Finance

    Auto Marine Transport, a tonnage provider created with the assistance of Siem Car Carriers, has signed an agreement with Samjin Shipbuilding Industries Korea Co., Ltd. (Samjin) to build a series of vessels for carrying cars and trucks. The initial agreement involves eight energy efficient pure car and truck carrier (PCTC) vessels capable of carrying 6700 […]