Topic
car carrier
Logistics 26-Year-Old Car Carrier Chang Sheng Hong Fetches $42 Million at Shanghai Auction, Triple Reserve
The 4,310-ceu car carrier Chang Sheng Hong was sold at auction in Shanghai for approximately $42 million, three times its reserve price of RMB95 million ($14 million). The 26-year-old vessel, built in 2000 at Croatia's Uljanik shipyard, had previously traded as Dresden and was renamed in 2017 after entering Chinese ownership. The sale underscores an extremely tight car carrier market driven by China's surging vehicle exports, with up to 2 million cars shipped on containerships this year.
Logistics Record 2 Million Cars Tipped to Move in Containers as China Outgrows Car Carrier Fleet
A record two million cars are expected to be shipped in containers and other non-dedicated vessels in 2026 as China's vehicle exports outpace the growth of the pure car carrier fleet. Veson Nautical reports the shift from temporary fix to structural feature, with China projected to export 10 million light vehicles this year. The first five months of 2026 saw 4.06 million vehicles exported, up 63% year-on-year.
Logistics Höegh Autoliners extends Asian carmaker contract in $300m deal to boost freight capacity
Höegh Autoliners has extended a contract with a major Asian carmaker, expected to add about $300m in revenue through December 2029. The deal includes higher committed volumes, updated commercial terms, and adds Xiaomo port in southern China to its service network. The extension reflects strong demand for long-term car carrier contracts amid tight fleet supply, following similar moves by rival Wallenius Wilhelmsen.