MPA Singapore has carried out a review, announcing that it extends port rebates, aiming to encourage growth in the vehicle transhipment business in Singapore. The scheme will be valid for another 3 years from 1 January 2020 till 31 December 2022.
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, 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.
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.
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.
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.
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.
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 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.
Supported by improving utilisation, car carrier shipping is expected to continue its recovery from the trough of 2016. However, increasing localisation and the threat of trade wars will slow finished vehicle cargo growth, while carrier operational efficiency will be challenged by the emergence of new trades and ports of call, says Drewry.
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