Demand for New Car Carriers Surges on China's EV Export Boom
Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world's fourth-largest fleet by 2028.China currently has the world's eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world's largest with 283 ships, followed by Norway's 102, South Korea's 72 and Isle of Man's 61.But Chinese companies have 47 ships on order, accounting for a quarter of all orders globally.
BYD's First Chartered Vessel Sets Sail with 5,000 EVs for Europe
BYD's first chartered vehicle carrier has set sail from China's southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday.Chinese automakers including BYD, Chery Automobile and SAIC Motor, have been placing orders for vessels to counter rising shipping costs as they boost exports.The new roll-on, roll-off vehicle carrier named "BYD Explorer No.1" departed on Monday for Flushing Port in the Netherlands and the German port of Bremerhavenā¦
DP World Puts Cars in Containers
Thousands of cars are now entering Turkey after DP World Yarımca introduced a ācars in containersā shipping solution that has helped solve an automotive supply chain crisis in the region.Congestion at Turkish ports has resulted in significant delays in delivering new vehicles against a backdrop of skyrocketing demand in the burgeoning automotive market. Turkey recently experienced an auto sales boom with a record 110,000 vehicles sold in June which is a 37.5% year-on-year increaseā¦
RoRo Shortage Hits Car Trade
While the Chinese automotive sector is experiencing double-digit growth, Chinese finished vehicle exporters are facing stiff competition and ongoing logistics challenges in getting their products to foreign markets because of a lack of RoRo ships, according to a report on http://www.cargonewsasia.com. Zhang Xiaoyu, vice-chairman of the China Machinery Industry Federation said that while the number of China's vehicle exports has increased sharply, many of these cars lay in transit at ports because shipping companies simply do not have enough vessels to transport them. According to China Custom's figures, the mainland exported a total of 340,000 cars in 2006 - double that exported in 2005.
