Search results for: car carriers

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  • 4 September 2018
    Business & Finance

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

  • 30 October 2018
    Business & Finance

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

  • 3 October 2019

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

  • 17 June 2019

    The vessel caught fire late on Sunday.

  • 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 […]

  • 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 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 […]

  • 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. […]

  • 26 March 2018
    Business & Finance

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

  • 26 February 2007

    Two fisherman had to be rescued by a lifeboat after their boat collided with a 27,000-tonne cargo ship five miles off the Tyneside coast.

  • 21 February 2018
    Business & Finance, Rules & Regulation

    CSAV, “K” Line, MOL, NYK, and WWL-EUKOR involved in a car transport cartel, EC finds.

  • 21 November 2019

    German giant Volkswagen Group has held a naming ceremony for two of its first LNG-powered vessels on November 15.

  • 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 […]

  • 16 June 2020
    Infrastructure, Vessels

    German giant Volkswagen Group is to send the first LNG-fuelled vessel it chartered from Siem Car Carriers on its maiden voyage. The Siem Confucius is the first of two vessels built at China’s Xiamen Shipbuilding yard which will replace Volkswagen’s conventional heavy oil-powered ships. The car freighter will leave Germany’s port of Emden on Tuesday […]

  • 11 April 2019
    Business & Finance

    Drewry: US auto tariffs would negatively impact key U.S. ports, container lines and car carriers.

  • 28 October 2015
    Business & Finance

    South Korean shipping firm Eukor Car Carriers has agreed with Hyundai Motor Group to carry Hyundai and KIA vehicle exports from Korea for further four years. The new period commences from January 2016, through to December 31, 2019, with volume portion adjusting from 50% in the first two-year period, to 40% of the exports in the second two-year period. Details of […]

  • 7 April 2014
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. has started new car carrier services that transport vehicles produced in Mexico to ports in NAFTA (North American Free Trade Agreement) region. MOL launched the new services from both the East and West Coast of Mexico to the United States, the largest destination of Mexican made vehicles, to meet increased customers’ […]

  • 30 October 2012
    Business & Finance

    Norwegian Car Carriers ASA has signed an agreement with an undisclosed party to acquire a large and fuel efficient 6,430 CEU car carrier built at Mitsubishi Heavy Industries in 2010. The Company has received firm offers for debt financing of the vessel amounting to 70% of the purchase price. The remaining part of the purchase […]

  • 16 March 2018
    Business & Finance

    MOL has taken delivery of the first car carrier of its next-generation Flexie series.

  • 6 March 2017
    Business & Finance

    The fire-stricken car carrier M/V Honor is scheduled to set sail on March 7 as it was given permission by relevant authorities to depart from the UK. The 19,844 dwt vessel received the approval following a fire inspection and inspection of cargo on all decks aboard the vessel, which was launched last week and finalized on […]

  • 30 April 2015
    Business & Finance

    Chinese shipbuilder Xiamen Shipbuilding Industry has received an order for construction of two 2,100 ceu Pure Car/Truck Carriers (PCTC). The order has been placed by repeat customer Shanghai Zhongpu Shipping, according to Asiasis. The company already has two PCTCs on order at the yard, as it signed a deal on 1+1 2,100 ceu car carriers in […]

  • 4 June 2015
    Business & Finance

    A US-flagged car carrier suffered a fire on one of its decks on Tuesday night, June 2nd, the UK’s Maritime and Coastguard Agency informed. The ship, which has been identified as Courage, reported the fire to the UK Coastguard at Dover Maritime Rescue Coordination Centre just before 10 o’clock Tuesday night. Crew members used an […]