Drewry: Slow Car Carrier Recovery To Trigger More Distressed Asset Sales

JAXport PCTC vehicles

Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering. However, costs are rising while the trade outlook is vulnerable to rising geopolitical risk, which is expected to lead to more distressed vessel sales as shipping lines focus on landside investments in search of profitability, according to the Finished Vehicle Shipping Annual Review and Forecast 2019/20 report published by global shipping consultancy Drewry.

Seaborne...

https://www.marineinsight.com/shipping-news/drewry-slow-car-carrier-recovery-to-trigger-more-distressed-asset-sales/

NYK Orders World’s Largest’ LNG Fueled Car Carrier

  • Japanese giant NYK has placed an order for the world largest Pure Car and Truck Carrier fueled by LNG.
  • The aims to reduce CO2 emissions and the experimental verification in its actual voyage will be scheduled.
  • The vessel is additionally expected to reduce sulfur oxide (SOx) emissions by approximately 99 percent.
  • The nitrogen oxides (NOx) by approximately 86 percent compared to conventional heavy oil-fired engines.

According to an article published by LNG World News, Nippon Yusen Kaisha has...

http://mfame.guru/nyk-orders-worlds-largest-lng-fueled-car-carrier/

NYK And Wallenius Lines Owned UECC To Invest In Hybrid LNG PCTC´s

UECC Invest In New Generation PCTC´s

United European Car Carriers (UECC), jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, has signed a contract to construct two new generation PCTC with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd. The newbuilding contract also has options for two additional vessels, and the first vessel is planned for delivery in 2021.

The vessels will be equipped with a Battery Hybrid LNG Solution which will place UECC beyond IMO’s target for a 40 percent...

https://www.marineinsight.com/shipping-news/nyk-and-wallenius-lines-owned-uecc-to-invest-in-hybrid-lng-pctcs/

UECC To Invest In New Generation Hybrid LNG PCTC´S

UECC INVEST IN NEW GENERATION PCTC´S

United European Car Carriers (UECC), jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines, has signed a contract to construct two new generations PCTC with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd. The newbuilding contract also has options for two additional vessels, and the first vessel is planned for delivery in 2021.

The vessels will be equipped with a Battery Hybrid LNG Solution which will place UECC beyond IMO’s target for a 40 per cent...

https://www.marineinsight.com/shipping-news/uecc-to-invest-in-new-generation-hybrid-lng-pctcs/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon