Vehicle Carrier News

The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas emissions, to go green. But, in October, the U.S. and Saudi Arabia, the world's two largest oil producers…

The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas emissions, to go green. But, in October, the U.S. and Saudi Arabia, the world's two largest oil producers…

The World Shipping Council (WSC) has published its latest update to the WSC Dual-Fuel Fleet Dashboard, tracking the global liner shipping industry’s investment in new ships capable of running on renewable and lower-emission fuels.As of December 2025, the number of dual-fuel container ships and vehicle carriers on the water has reached 400, up from 218 in 2024.The number of dual-fuel ships on order has also continued to grow, reaching 726 vessels, despite a flurry of deliveries shifting from the orderbook onto the water.

The World Shipping Council (WSC) announced that Höegh Autoliners has joined as a member, further strengthening the Council’s representation of the global liner shipping industry, including the vehicle carrier sector.“We are pleased to welcome Höegh Autoliners to the World Shipping Council,” said Joe Kramek, WSC President & CEO. “Vehicle carriers are a core part of liner shipping that move global trade. Höegh Autoliners brings valuable expertise and perspective as we work with policymakers on safety…

Cleaner-fuel burning ships accounted for 37% of cargo vessel orders in the first 10 months of 2025, unchanged from the year-ago period, as buyers were uncertain about when global rules for cutting maritime emissions will take effect, data from shipping consultancy AXSMarine showed.Overall gross tonnage (GT), an industry measure for vessel capacity, totaled 78 million from January through October, down from 113 million from the year-ago period, AXSMarine data showed.Orders for all of 2024 surged to a 17-year high after ships were rerouted to avoid Houthi rebel attacks in the Red Sea…

New U.S. tariffs and escalating global trade tensions have reshaped vessel markets in the first half of 2025, curbing investment in some sectors while accelerating strategic orders in others, according to the Half-Year Market Report by Veson Nautical, a provider of maritime freight management solutions and data intelligence.The report states that U.S. trade policy changes hit vehicle carrier markets particularly hard, contributing to a 44% drop in charter rates for standard 6…

The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China's dominance on the high seas and revive domestic shipbuilding.The revised proposal, unveiled by USTR on Friday, would remove LNG-related penalties for failing to export a percentage of fuel on U.S.-owned ships. It also would reduce fees when foreign-built car carriers visit domestic ports and exempt those vessels when they are serving the U.S. military.USTR previously exempted ships carrying U.S.

The crew of a ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday.The 22 crew members were safely evacuated from the ship after they failed to put out the fire, Zodiac said as it focuses on salvaging the vessel.They were evacuated via lifeboat and were being transferred to a nearby merchant vessel Cosco Hellas in tandem with the U.S. Coast Guard.The vessel…

As the shipping world prepares to descend on Oslo for Nor’ Shipping 2025, we take a look at the Norwegian fleet which is currently valued at USD 66.2 bn using VesselsValue data. The following charts highlight the Norwegian fleet breakdown by vessel type, top Norwegian companies, S&P transactions, and the breakdown of dual fuel orders by sector. Thanks to government-backed initiatives such as Enova, who offer financial support to facilitate the green transition, Norway is ahead of the game in sustainability when compared to the rest of the world.

U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.The U.S. is the world's No. 1 LNG exporter at $34 billion annually and the Trump administration has been a supporter of the industry in his push for energy dominance.In a move that shocked the industry, the U.S.

Operators of hulking car carriers are seeking relief from the U.S. Trade Representative's surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters.USTR announced the fees on April 17 as part of an ongoing effort to hit certain China-linked ships calling at U.S. ports with fees that would fund a domestic shipbuilding revival and counter China's dominance on the high seas.The fees sent a shockwave through the vehicle carrier industry…

On April 17, 2025, the Office of the US Trade Representative (“USTR”) published a notice of action (the “USTR Notice”) implementing its port fee proposal, first announced on February 21, 2025. The rules differ substantially from the February proposal (summarized here). The calculation of the fees has changed to a net tonnage-based fee (or for certain vessels, based on containers discharged or Car Equivalent Units). Several points have been clarified. Specialized rules apply to LNG transportation and vehicle carriers, including fees and restrictions on non-Chinese vessels.

The Office of the United States Trade Representative (“USTR”) issued a detailed notice on April 17, 2025, regarding actions and proposed actions in response to China's alleged targeting of the maritime, logistics, and shipbuilding sectors for dominance. The measures, USTR argues, will “disincentivize the use of Chinese shipping and Chinese-built ships, thereby providing leverage on China to change its acts, policies, and practices, and send a critically needed demand signal for U.S.-built ships.” Below, we break down the key elements of the notice and their potential impacts.

The US National Transportation Safety Board (NTSB) has recommended that land-based firefighters be better prepared for marine vessel firefighting following a fatal fire on the roll-on/roll-off container vessel Grande Costa D’Avorio in Newark, New Jersey.The Grande Costa D’Avorio was docked at Port Newark on July 5, 2023, when a vehicle used by shoreside workers to push used vehicles onto the vessel caught fire on an interior garage deck. The ship’s captain ordered use of the vessel’s carbon dioxide extinguishing system…

Veson Nautical has used VesselsValue data to confirm that South Korea’s orderbook has now topped $138 billion.The LNG sector is the most valuable, worth $71.3 billion and accounting for around 52% of the total South Korean orderbook value. This sector also has the highest volume of orders with 276 vessels on order.Container ships rank second with a market value of $35.6 billion, equating to a share of about 26% and 184 vessels on order. The LPG ranks third with a value of $14.9 billion and 129 vessels on order, closely followed by the tanker orderbook which is valued at $14.7 billion.

Titan Clean Fuels and Mitsui O.S.K. Lines (MOL) have completed the first LNG and liquefied biomethane (bio-LNG) bunkering operation in Belgium, as part of a new multi-delivery contract for MOL’s vehicle carrier fleet.On March 16, 2025, Titan’s Alice Cosulich LNG bunkering vessel delivered 500 tons of bio-LNG and 400 tons of conventional LNG to the Celeste Ace vehicle carrier. The simultaneous operation (SIMOPS) bunkering took place in the Port of Zeebrugge’s International Car…

Chevron Marine Lubricants has extended its global supply capacity to include Port Elizabeth, South Africa, to serve vessels avoiding current conflict areas.Chevron’s current range of marine engine lubricants, including the Taro Ultra range, will be available to ships calling at the multi-cargo port which is located on the western perimeter of Algoa Bay.The port is operational 363 days a year. In addition to bulk and container handling, Port Elizabeth has a berth for liquid cargo operations.Prior to 2023, records indicate an average of 1,050 visiting vessels over a 36-month period.

Mitsui O.S.K. Lines (MOL) has been granted certification for its voluntary efforts to improve fire prevention on the car carrier Cerulean Ace.The LNG-fueled vessel is operated by MOL and managed by MOL Ship Management. It has been granted certification for "Additional Fire-Fighting measures for Vehicle Carrier (AFVC)" by ClassNK for measures that prevent onboard fires during the transport of electric vehicles (EV).This is a world first for a shipping company's voluntary measures…

Following positive response and encouraging conversations with IMO member nations and other stakeholders, the World Shipping Council (WSC) has further developed the Green Balance Mechanism, a regulatory measure designed to ensure that shipping meets its net-zero goal by 2050 in an efficient, just and equitable way.A detailed proposal, including design updates and regulatory text for the Green Balance Mechanism, has been submitted to support the timely development of effective…

The Global Centre for Maritime Decarbonisation (GCMD) has teamed up with NYK Line to launch Project LOTUS (long-term impact of continuous use of biofuels on vessel operations).This six-month project will trial the continuous use of a biofuels blend comprising of 24% Fatty Acid Methyl Esters (FAME) and very low sulfur fuel oil (VLSFO) onboard a short-sea vehicle carrier that will call at multiple ports. The use of a vessel plying short-sea routes will allow regular access to fuels stored onboard for sampling and testing during frequent port calls.FAME…

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.

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.The roll-on/roll-off vehicle carrier was seized on November 19.“The 25 seafarers who make up the crew of the Galaxy Leader are innocent victims of the ongoing aggression against world shipping…