Years of supply-chain woes and maritime challenges put container and energy shipping in the headlines. Now, car carriers are set to steal the spotlight as the global structure of auto trade swings toward China and electric vehicles. Massive boat-buying deals may not be financially savvy, but could offer a strategic advantage as carmakers hunt new markets.

Predictions for strong overseas sales growth by BYD Co. and SAIC Motor Corp. spurred both Chinese automakers to put in orders for a category of ocean-going ships called roll-on, roll-off. BYD, which is neck-and-neck with Tesla Inc. as the world’s largest EV maker last week commenced the maiden voyage of its BYD Explorer No.1 en route to Europe with 5,000 cars. The Shenzhen-based company is working with China International Marine Containers Group Co. to build boats and plans to add seven more to its fleet in the next two years, it said.

QOSHE - Chinese Ship Deals Are Either Savvy or Very Risky - Tim Culpan
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Chinese Ship Deals Are Either Savvy or Very Risky

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23.01.2024

Years of supply-chain woes and maritime challenges put container and energy shipping in the headlines. Now, car carriers are set to steal the spotlight as the global structure of auto trade swings toward China and electric........

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