Special Report - Vehicle Carriers
Displayed below are a set of articles which belong to this Special Report.
Eukor stays loyal toits newbuilding plans
SOUTH Korea’s Eukor Car Carriers has confirmed that, unlike many of its competitors, it is sticking with its original newbuilding plans and has not cancelled any of the car carrier orders it placed before the dramatic crash in the automotive markets. Having taken delivery of four new vessels in 2009, Eukor has 11 more vessels due for delivery up to the end of 2013.
Operators face uphill battle to stay in business
FOR the specialist vehicle carrier market, 2009 was by far the most traumatic year in its history. The global recession sparked a collapse in consumer confidence and with it a prolonged slump in vehicle demand.
K Line boosts its China connections
THIS month, the Japanese carrier K Line will introduce two car carrier services to meet growing demand for new vehicles in China.
Höegh responds early to market downturn
OSLO-based Höegh Autoliners continues to respond proactively to the slump in global car market demand. Last year, the company experienced a reduction of around 50% in the vehicle volumes carried by its deepsea services compared with 2008 levels, so clearly decisive action was required.
Delivery drive Neptune gets second carrier
PIRAEUS-based Neptune Lines will today take delivery of the second in a series of six car carrier newbuildings ordered from the Hyundai Mipo yard. The 11,361 dwt Neptune Ithaki , which will be deployed on routes in the Mediterranean and Black Sea, is a sister to the Neptune Kefalonia , which was handed over to the Greek operator last October.
WWL boosts prospects with new contracts and vessels
WALLENIUS Wilhelmsen Logistics has picked up some important contracts in the past few months, which should provide a timely boost to the company’s fortunes.
NYK boosts its service network
OVER the past nine months, NYK Line has added three new services to its global car carrier network. A Europe to west coast South America service is now operating on a monthly basis, carrying new cars to Chile and Peru for well-known manufacturers. NYK has also introduced a twice-monthly service connecting Europe and Central America. This operation, similarly based on new car contracts, involves transhipment in either Baltimore or Panama.
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