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Car Carrier

COVID-19 Slams Vehicle Carrier Market

© Fotos von Schiffen/AdobeStock

COVID-19 has hit the vehicle carrier market hard. The world vehicle demand has dropped by c.35%. Consequently, shipping these vehicles has fallen considerably.The only order to take place earlier this year is one from NYK line for a large LCTC for $95 million.No deals have taken place since the beginning of the year,

Japan's NYK Line Sees COVID-19 Cutting Profit by $557M

Illustration by Magnifier / AdobeStock

Japanese shipping company Nippon Yusen KK expects the coronavirus pandemic to reduce its recurring profit by 50-60 billion yen ($464 million-$557 million) for the year to next March, an executive said on Monday."Our assumption is that the worst impact from the pandemic will be seen in the April-June quarter,

RMC to Build Ferries for TT-Line

Image: Rauma Marine Constructions

Finnish shipbuilding company Rauma Marine Constructions (RMC) and Australian TT-Line Company have signed a Memorandum of Understanding on two fast car and passenger ferries.The Project will have an impact on employment totalling around 3,500 person-years, and the construction work will start at the beginning of 2021,

TT-Line Cancels Order at FSG

Image:Flensburger Schiffbau-Gesellschaft mbH & Co. KG.

German shipyard Flensburger Schiffbau-Gesellschaft (FSG) shipyard will not build TT-Line Company Pty Ltd's new Spirit of Tasmania vessels.The Australian shipping company TT-Line cancelled the order at FSG for the construction of two ferries, said a statement from the shipyard.The cancellation of

K Line Orders LNGC with Hudong-Zhonghua

The signing ceremony was held in Kuala Lumpur, Malaysia. Photo: K Line

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered two liquefied natural gas (LNG) carriers with  with Hudong-Zhonghua Shipbuilding backed by long-term contracts with Malaysia's energy giant Petronas.The 12-year contract to charter them to Petronas starts in 2022, with an option for an extension for a further 12 years.

NYK Orders 2nd LNG-Fueled PCTC

Image: NYK

Japanese shipping and logistics company Nippon Yusen Kabushiki Kaisha (NYK) has placed an order to build a second LNG-fueled pure car and truck carrier (PCTC) with Shin Kurushima Dockyard Co.The shipbuilding contract was signed at NYK’s head office on January 31. The vessel is scheduled to be

Sri Lankan Supercar's Journey in Maersk

Image: A.P. Moller - Maersk

The  container logistics company A.P. Moller - Maersk has embarked on a journey that covers the end-to-end logistics of first-ever Sri Lankan made electric supercar Vega EVX that will be unveiled at the Geneva Motor Show 2020 later this year in March.The car built in Colombo, started its journey

Steel Cut for UECC Hybrid PCTC

Top: Artistic impression of the vessels, Bottom: Front left to right; Boris Bondarenko/DNV-GL, Glenn Edvardsen/UECC, Mr. Huang/Jiangnan Shipyard Group and Carl Fagergren/UECC. Photos: UECC

Norway-based provider of shortsea RoRo transportation United European Car Carriers (UECC)  held a steel cutting ceremony for its first newbuild pure car truck carrier (PCTC) on order with China Ship Building Trading and Jiangnan Shipyard Group.Representatives from UECC, NYK, Japan Marine Science,

Car Carrier Shipping in Rough Weather

Graph: Drewry

As car carrier shipping is expected to continue its slow recovery, backed by better utilization and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk.  Slow car carrier recovery is expected to lead to more distressed vessel sales

NYK Places Order for World’s Largest LNG-Fueled PCTC

During the keel laying ceremony, second from left; Takaya Soga, managing corporate officer of NYK (Photo: NYK Group)

NYK has placed an order for the world largest pure car and truck carrier (PCTC) capable of navigating oceans with only LNG as the main fuel. A keel laying ceremony was held on September 20 at Shin Kurushima Toyohashi Shipbuilding Co. Ltd., and NYK managing corporate officer Takaya Soga and other related parties were in attendance.

Höegh Increases its Frequency to Australia

Pic: Höegh Autoliners

Nowegean provider of Ro/Ro (Roll On/Roll Off) deep sea transportation services Höegh Autoliners announce an increased frequency in its service to Australia. Starting in November, the company will offer five sailing per month to Australia from Europe.Previously, Höegh offered up to four regular sailing per month,

NYK Conducts Japan’s First Carbon-Neutral Voyage

Aries Leader (Photo: NYK Line)

NYK has become the first Japanese shipping company to realize a carbon-neutral voyage by offsetting 5,000 tons of carbon dioxide (CO2), equivalent to the CO2 emitted by NYK’s environmental flagship car carrier Aries Leader during one voyage between Japan and the Middle East.Aries Leader is equipped with the latest energy-saving technologies,

RVC Line Charter for Suzuka Express

Image: Vroon

Dutch shipping company Vroon entered recently into a three-to-six time charter deal with Dubai-based RVC Shipping for Suzuka Express, a car carrier.RVC Line is a car-carrier service from Mumbai to the Persian Gulf. It is the first dedicated PCTC (pure car and truck carrier) service catering for Indian Automobile manufacturers.

K-Line's PCC Wins “Ship Heritage” Award

Toyota Maru No.10  (Photo: "K" Line)

Toyota Maru No.10, which was owned and operated by Kawasaki Kisen Kaisha, Ltd. (“K” LINE), has been selected by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) through their “Ship Heritage” project in recognition of it having been Japan's first Pure Car Carrier (PCC).JASNAOE first

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