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Car Market News

08 Sep 2021

Car Carrier Prices Are Hot and Getting Hotter

Newbuild spend for vehicle carriers, including large car and truck carriers (LCTC), pure car and truck carriers (PCTC) and pure car carriers (PCC), smashed past $3.2 billion last week, following big volume orders from Eastern Pacific and Zodiac—an astonishing amount of money for a niche sector, exceeding the previous six years total combined. If we include options, a whopping $4.4 billion has been agreed year to date. Japanese shipyards have raised tariffs to $100 million for dual fuel liquefied natural gas (LNG) 7,000 car equivalent units (CEU), up by a staggering $10 million compared to last year. Chinese yards have followed but maintain a healthy discount quoting $88 million for an equivalent spec.

17 Jun 2016

APM Terminals, Volvo Ink Chennai Warehouse Deal

APM Terminals Inland Services, South Asia has signed an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialized warehouse facility in Chennai. The customized warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up Units (CBUs) imported from Europe to India through the Port of Chennai. The 102,000 square foot facility will include bonded and non-bonded areas with an overall capacity of 500 vehicles. This specialized warehousing solution by APM Terminals Inland Services is a step towards expanding its portfolio of customized solutions for customers. “We are pleased to be the exclusive Indian partner for inland logistics and services solutions for Volvo Cars…

15 Mar 2016

NYK Aims at Developing New Shipping and Logistics Solution

Tokyo-based shipping line NYK Group (Nippon Yusen Kaisha) has decided to establish a new company, Symphony Creative Solutions (SCS) in Singapore, to develop and market new solutions in the shipping and logistics fields. NYK, along with its subsidiaries, the Monohakobi Technology Institute and NYK Business Systems, has teamed up with Weathernews and Kozo Keikaku Engineering for the new venture to further the development of the Symphony Project. This joint development project was selected by NYK’s Creative Solutions Development Fund during the fund’s first call for applications. The NYK Group continually promotes creative solutions, as upheld in its medium-term management plan “More Than Shipping 2018…

18 Jul 2015

Cargo Volumes Rise at St Petersburg

In the first half of 2015 the turnover of OJSC “Sea Port of Saint-Petersburg” (SP SPb) amounted to 4.3 mln tons, which is by 5% more than the indicator of the same period during the last year. Positive dynamics was caused by growth of handling volumes of main cargoes – general cargoes, the volumes of which increased by 12% up to 3.5 mln tons. In particular, due to growth of export of Russian metallurgical companies handling volumes of steel handling volumes of ferrous metals increased up to 1.5 mln tons and exceeded by 28% the indicators of the first half of the last year. Handling of non-ferrous metals in the port increased by 24% up to 0.8 mln tons which is connected with the growth of export shipments of aluminum. Within the reporting period SP SPb handled 193 th.

23 Apr 2010

Keppel Q1 Results

1. Net profit improved 13% to S$322 million compared to 1Q09. 2. Earnings per share of 20.2 cents, up 13% from 1Q09’s 17.9 cents. 3. Annualised ROE remained above 20%. 4. Economic Value Added increased from S$211 million to S$240 million. 5. Cash outflow of S$501 million. 6. Net cash decreased from 0.14x to 0.07x. The first quarter of this year saw the global recovery gaining momentum. The latest figures indicate that the recovery in the US is gradually broadening to embrace the manufacturing and services sectors, with signs of a turnaround in the labour market. Across in Europe, while recovery seems to be tentative, there appears to be improved business confidence. Economic growth in Asia has certainly remained firm. China grew by 11.9% in the first quarter of the year.

22 Jun 1999

Car Shipping Group Sees Scope in Fragmented Market

Fragmentation of the world's car market will reportedly create opportunities but also short term difficulties for Wallenius Wilhelmsen Lines AS, the world's largest vehicle shipping group.