CPATPP may save UK exporters from Canada free trade deal failure
For UK automotive manufacturers, a new trade route to Canada beckons – via the Pacific. Not ...
VESSELSVALUE.COM writes
Newbuild spend for Vehicle Carriers (LCTCs / PCTCs / PCCs) smashed past $3.2 billion last week, following big volume orders from Eastern Pacific and Zodiac.
An astonishing amount of money for a niche sector, exceeding the previous 6 years total combined. If we include options, a whopping $4.4 billion has been agreed year to date.
Japanese shipyards have raised tariffs to $100 million for dual fuel LNG 7000 CEUs, up by a staggering $10 million compared to last year.
Chinese yards have followed but maintain a healthy discount quoting $88 million for an equivalent spec. Rapid steel price inflation combined with a post Covid supply vacuum, have skyrocketed newbuild prices following a baron period of low orders stretching back to 2016.
All 40 Vehicle Carriers confirmed this year (56 including options) are dual fuel LNG powered, forming a premier PCTC/LCTC asset class for an electrified car market.
Go here to read the full blog by vesselsvalue.com analyst Dan Nash.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Iran may now pose a threat to multimodal supply chains via Dubai
Capture of MSC Aries will further drive up Indian export costs
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article