Car Carrier Vessel Market Outlook for '25 is Bearish
Political winds blowing a raft of new tariffs and incoming supply uptick suggests a volatile 2025 Bearish sentiment crept into the car carrier market in June after the European Union (EU) announced increased import tariffs for Chinese-made electric vehicles (EVs) up to as much as 45.3%. The EU tariffs, which came into play in November for a period of five years and were increased following an investigation into Chinese state subsidies to domestic car manufacturers, are weighing…
Sallaum Lines Orders Six PCTC Vessels
Sallaum Lines has ordered six additional Pure Car and Truck Carrier (PCTC) vessels from China, two with Fujian Mawei Shipbuilding Co Ltd. (2 x 7,500 RT SDARI design) and four with China Merchants Jinling Shipyard (Nanjing) Co. Ltd. (4 x 7,400 RT Deltamarin design). Each vessel has a capacity ranging from 7,400 to 7,500 Car Equivalent Unit (CEU) Pure Car and Truck Carrier (PCTC) design. By incorporating dual-fuel LNG technology, the newbuilds deliver a reduction in carbon dioxide emissions by at least 25%In addition…
WinGD’s Short-Stroke Engine Passes Shop Test
WinGD will record the first installation of its new X-S short-stroke engine design following successful factory acceptance tests with engine builder Dalian Marine Diesel in March.The six-cylinder, 62cm-bore 6X62-S2.0 engine will be installed on a pulp carrier being built for a Chinese owner at COSCO Dalian shipyard.The X-S series succeeds the well-established RT-flex50 and RT-flex58 engines and is available in 52cm and 62cm bore sizes, for the range of fuel options including traditional diesel or dual-fuel LNG…
MAN to Supply Propulsion for World’s Largest Car Carriers
Chinese shipyard Guangzhou Shipbuilding International (GSI) has received an order for four MAN B&W 8S60ME-GI engines in connection with the building of four 10,800 CEU pure car and truck carriers (PCTC) for South Korean shipping owner, HMM Co. Ltd.CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-gas injection) engines in China, which will feature exhaust gas recirculation (EGR) emissions-reduction technology for Tier III NOx compliance.Upon delivery, the PCTCs will go out on charter to Hyundai Glovis Co.…
WinGD Debuts Variable Compression Ratio Technology
Swiss marine power company WinGD will realise the first commercial instalments of its new variable compression ratio (VCR) technology on two new dual-fuel LNG powered vessels being built for NYK Line.A 95,000 DWT bulk carrier being built at Oshima Shipbuilding and a 7,000 CEU pure car and truck carrier (PCTC) being built at Shin Kurushima Dockyard will be the first two-stroke powered vessels that can dynamically optimise combustion depending on the fuel being used – delivering improved emissions…
MacGregor to Deliver RoRo Equipment to Two K Line Pure Car and Truck Carriers
Cargotec's MacGregor said Thursday it had won a large order to supply RoRo equipment for two 6,900 CEU Pure Car and Truck Carriers (PCTC).The ships will be built at Shin Kurushima Toyohashi Shipbuilding Co.,Ltd. for K Line (Kawasaki Kisen Kaisha, Ltd) in Japan.The first vessel is scheduled to be delivered to the owner in the first quarter of 2025 and the second in the second quarter of 2025. MacGregor’s scope of supply consists of design, supply, and installation assistance for a stern ramp, a side ramp, three sets of movable ramps, a ramp cover, and a mobile deck lifter for each vessel.
SFL Orders Two Dual-Fuel Car Carriers. Long-term Charters Secured
SFL Corporation said Wednesday it had entered into long-term charters with "a leading Asia-based transportation company" for two ultra-modern dual-fuel car carriers, designed to use liquified natural gas (LNG).The vessels are sister vessels of the two 7,000 CEU Pure Car and Truck Carriers under construction, chartered to the Volkswagen Group, and scheduled delivery from the shipyard is in Q1-Q2 of 2024.The aggregate construction cost will be approximately $155 million, and the charter period will be ten years from the delivery of the vessels…
MacGregor's RoRo Access Systems for Car Carriers in Japan
MacGregor has received orders from two Japanese yards to deliver comprehensive RoRo access equipment packages for four car carriers. The equipment will be delivered during Q3 in 2017. The orders are booked into the first quarter 2016 order intake. The car carriers are built at two shipyards; two 7,400 CEU pure car/truck carriers (PCTCs) at Shin Kurushima Dockyard and two 3,000 pure car carriers (PCC) at Nakai Zosen Corporation. "We have a proven record of reliable deliveries and excellent support and relationship with these Japanese shipyards," says Mattias Gunnarsson, Director of Sales and Marketing, MacGregor RoRo. "Our RoRo access systems ensure efficient and safe cargo handling operation of the vessels," Mr Gunnarsson adds.
Siem in Profit for Q3
Oslo-listed Siem Shipping reported a net profit of USD2.5 million (Q3 2014: net loss USD-0.2 million). The container lines are continuing to use very aggressive pricing strategies to win market share in the reefer segment. The specialist reefer operators continue to fight back by highlighting the superior quality of the service they provide but the margins are being squeezed. The forecasted El Niño climatic event is expected to change the banana supply mix in the coming months from Ecuador/Central America. Siem Shipping is well positioned to adapt to the change in demand whilst continuing to provide a first-class service. The Company’s…
MacGregor RoRo Access Systems for Grimaldi Car Carriers
MacGregor, part of Cargotec, has been contracted by Chinese shipbuilding group Yangfan to deliver comprehensive RoRo access equipment packages for a series of five post-Panamax 7,800 CEU pure car/truck carriers (PCTCs). The vessels are under construction for Italian operator Grimaldi Group, with options for seven more. The 200m vessels will be among the world's largest car carriers. They have been ordered as part of Grimaldi's fleet expansion and modernisation programme. Each MacGregor RoRo access equipment package will comprise a quarter ramp, side ramp, internal ramps, bulkhead doors and four levels of liftable car decks. The gross weight of the equipment is about 2,400 tonnes per ship.
Siem Sells “Siem Sasha”
Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”. It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland. The Oslo-listed company did not reveal financial details of the sale nor the client, but said the agreement was made at market terms. Siem Sasha is designed to carry out regular supply functions and cargo transport for the oil industry as well as Standby functions. The PSV was built in 2005. It is of VS 470 MK II design, 73, 4 meters long vessel and can accommodate 34 persons. The vessel had worked on a one-year contract for Nigeria’s Marine Platforms Limited since December 2013. This is Siem’s second vessel sale in the space of a month.
Norwegian Car Carriers to Buy Two from Hyundai Samho
Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs). Delivery from the South Korean shipyard is scheduled for between the fourth quarter 2016 and first quarter 2017, and there is an option included for two additional vessels. NOCC’s strategy is to grow its business as a tonnage provider serving the global car carrier operators, says a company statement. The company currently has 10 car carriers in its fleet ranging between 4,000-7,000 ceu. The specification for the 6 500 car capacity PCTC is based on the Hyundai built NOCC Oceanic with improvements and upgrades.
Latest Commercial Shipbuilding Contracts
There has been a significant volume of shipbuilding business reported in the week according to Clarkson Hellas. The dry bulk fleet has seen a number of new additions this week. It was reported that SWS signed an additional order with Clients of Thenamaris for 1+1 180,000 DWT Capesize vessels, with the firm vessel lined up for delivery in 2015. Clients of Nordic Bulk Carriers placed an order for two firm 75,000 DWT Ice Class 1A bulk carriers at Oshima for delivery in 2015. Although pricing was not officially revealed, it is believed the contracts will be priced just over USD 30 Mill and include options for additional sister vessels. Oshima Shipbuilding are additionally reported to have signed a single 38,000 DWT bulk carrier for Clients of Ultrabulk with delivery in 2014.