Category: car carriers
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NYK and MOL agree $72m payout in UK car carrier cartel case
NYK and MOL agree $72m payout in UK car carrier cartel case Two of Japan’s biggest shipping lines — Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) — have agreed to pay £54m ($72.25m) to settle the long-running UK collective action over the car carrier cartel, drawing a line under a saga that stretches…
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Höegh Autoliners names its newest Aurora Class vessel, Höegh Sunrise
Höegh Autoliners names its newest Aurora Class vessel, Höegh Sunrise Marking a notable step towards zero-emission deep-sea shipping. Höegh Autoliners last week named its fifth Aurora Class vessel Höegh Sunrise in a ceremony at Omaezaki Port in Shizuoka, Japan. With a capacity of up to 9,100 cars, and featuring reinforced decks and enhanced internal ramp…
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USTR could ease some Section 301 measures on Chinese maritime dominance
USTR could ease some Section 301 measures on Chinese maritime dominance The U.S. Trade Representative’s office (USTR) announcement that it would take sweeping measures under Section 301 of the Trade Act of 1974, began a process that included taking into account public comments on its proposed actions. USTR reveals fee scales, timing for Section 301…
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Salvors unable to reach fire-stricken Morning Midas until Monday
Salvors unable to reach fire-stricken Morning Midas until Monday Efforts to bring the fire-stricken Morning Midas under control are facing a significant delay, with salvage teams not expected to reach the drifting vessel until Monday, nearly a full week after the crew abandoned ship. Zodiac Maritime, the manager of the Liberian-flagged car carrier, confirmed that…
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China smashes car carrier size records twice in less than a month
China smashes car carrier size records twice in less than a month China has broken the record for the world’s largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China’s giant car manufacturer SAIC.…
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World’s largest car carrier sets sail from China
World’s largest car carrier sets sail from China The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil. The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’ Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD’s growing fleet…
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Car carriers in retreat as Trump unveils 25% auto tariffs
Car carriers in retreat as Trump unveils 25% auto tariffs The US administration confirmed yesterday that it will go forward with the implementation of a 25% tariff on all foreign-built cars, something that is expected to add greater pressure to car carrier rates which have been coming off multi-year highs in recent months. US president…
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EUKOR inks “historic” $4.2BN contract with Hyundai and Kia
EUKOR inks “historic” $4.2BN contract with Hyundai and Kia EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, reports that has renewed its contract with Hyundai Motor Group members Hyundai Motor Car and Kia Motor Car corporations, increasing both duration and volumes. The new contract contains two major changes from the previous one. The duration…