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Car carrier hit by explosion in Gulf of Oman

The car carrier Helios Ray was hit by an explosion in the Gulf of Oman on February 25. The cause of the explosion is not clear, while the vessel as well as the crew are safe.

Car carrier shipping recovers slow, leading to more distressed asset sales

As car carrier shipping is expected to continue its slow recovery, backed by better utilisation and minimal vessel ordering, costs are increasing while the trade outlook seems vulnerable to emerging geopolitical risk. These are the findings of the Finished Vehicle Shipping Annual Review and Forecast 2019/20 report published by Drewry.

MOL partners on optimizing car carrier loading ops

MOL, MOL Information Systems Ltd and Associate Professor Shunji Umetani announced the successful launch of a vessel allocation plan and cargo loading plan for car carriers based on mathematical optimization, on of the fundamental technologies of AI.

Vehicle carrier market faces pressure

As VesselsValue reports, with an estimated USD 775 bn worth of exports in 2018, cars represent the world’s number three exported product by value, trailing only crude oil and refined petroleum oils. Based on this, the vehicle carrier market should be booming, but this is not the case.

UECC invests in hybrid-powered vessels to exceed IMO 2030 goal

The United European Car Carriers, jointly owned by NYK and Wallenius Lines, informed of a new contract to construct two new generation hybrid-powered PCTCs (Pure car truck ­carriers), expected to achieve 40% reduction in carbon intensity by 2030.

Cougar Ace: How improper ballast water exchange can prove costly

It has been 13 years, since the RoRo ‘Cougar Ace’ was involved in an incident that caused its entire cargo of almost 5,000 brand new cars to be scrapped. The incident highlighted issues related to the assignment of duties in a ship’s SMS, within the context of ballast water exchange operations.

Höegh Autoliners firmly stands against scrubbers

Norway-based Höegh Autoliners reiterated its firm position against scrubbers, as an option for compliance with the IMO’s 2020 sulphur cap. In a recent interview, the company’s CEO, Ivar Myklebust, said it will achieve compliance by using Very Low Sulphur Fuel Oil or Low Sulphur Marine Gas Oil. 

Cambodian port welcomes first MOL car carrier

On 23 January, the MOL-operated car carrier ‘Grand Orion’ called at the Port of Sihanoukville, Cambodia, and discharged about 12,000 tons of construction machinery, in the first call at a Cambodian port by an MOL-operated car carrier. Sihanoukville is Cambodia’s only deep-water port and its facilities have been developed with the support of the Japanese government.

Stena partners with Hyundai Glovis in a European car carrier joint venture

Stena Rederi, a part of Swedish shipping company Stena AB, and German Glovis Europe are to collaborate in an attempt to operate car and truck vessels in Europe. Both companies have filed documents with the European Commission’s competition authorities to launch their partnership that will operate short-sea transport services on pure car and truck carrier vessels in Europe, according to Lloyd’s register.

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