Va va voom…

Car-carrying lines are eyeing investment in ports to boost profitability

In the face of declining demand for cars in mature markets, shipping lines specialising in shipping them are ordering virtually no new vessels and are increasingly looking at port investments to improve profitability.
According to new analysis from Drewry Maritime Advisers, some 22.8 million finished vehicles were carried on the oceans last year, a growth of 1%, and its new report, Finished Vehicles Annual Review and Forecast 2019/20, says the trade …

The post Car-carrying lines are eyeing...

https://theloadstar.com/car-carrying-lines-are-eyeing-investment-in-ports-to-boost-profitability/

DP World gearing up for automotive boom in South-east Asia

DP World is developing its automotive logistics capabilities in South-east Asia, as the region’s preference for four wheels over two shows no sign of slowing.
According to Andrew Hoad, the terminal operator’s chief executive for Asia Pacific, around 5% of all throughput at DP World’s terminals is tied to the automotive sector.
Mr Hoad told The Loadstar: “At the moment, we provide automotive services in Vietnam and in the Philippines. Our ambition is …

The post DP World gearing up for automotive...

https://theloadstar.com/dp-world-gearing-up-for-automotive-boom-in-south-east-asia/

Growing demand for electric vehicles driving change in automotive sector

Automotive supply chains are set to be transformed, particularly in Asia, with Singapore poised to emerge as a new automotive hub.
According to a new report from Transport Intelligence, Asia Pacific Logistics & Supply Chain State of the Market 2019, the key dynamics in the sector are changes taking place in China’s trade policy and the component sourcing options for electric vehicle manufacturers.
The report says one of the big changes could …

The post Growing demand for electric vehicles...

https://theloadstar.com/growing-demand-for-electric-vehicles-driving-change-in-automotive-sector/

‘Success story’ Gefco formally applies to launch IPO next year

French logistics giant Gefco has applied to the Paris Euronext stock exchange to launch an initial public offering (IPO) next year.
The group, currently 75% controlled by Russian Railways and 25% by carmaker Peugeot (PSA), this morning delivered its Document de Base to France’s financial authority (AMF) for approval for the IPO.
It said that Russian Railways was looking to reduce its stake to below 50%, while Peugeot was likely to own …

The post ‘Success story’ Gefco formally applies to launch...

https://theloadstar.co.uk/success-story-gefco-formally-applies-to-launch-ipo-next-year/

Renault drives into the future, sending cars across the Atlantic on sailing ships

French car manufacturer Renault will return to the age of sail to send finished vehicles across the Atlantic, inking a deal with a wind propulsion firm.
Renault has signed a three-year deal with French developer Neoline to construct two wind-powered ro-ro vessels to operate on a transatlantic route from 2020.
The 136-metre long Neoliner has a beam of 24.2 metres and a standard sailing speed of 11 knots. It has some 4,200sq metres …

The post Renault drives into the future, sending cars across the...

https://theloadstar.co.uk/renault-drives-future-sending-cars-across-atlantic-sailing-ships/

Business still booming for car-carriers, but headwinds on the way

Automotive shipping is still on the up, having hit a low point in 2016, further gains are expected, thanks to improving utilisation levels, according to Drewry.
Shipping of finished vehicles grew 6% last year, but there has been a dearth of orders for new car-carrying vessels, reports the analyst.
Head of car carriers at Drewry Tom Ossieur said: “Despite improving utilisation, owners and operators are holding off acquiring capacity through ordering or chartered tonnage, as trade uncertainty …

The...

https://theloadstar.co.uk/business-still-booming-car-carriers-headwinds-way/