On November 26, the ship "Yuheng Pioneer" of Guangzhou Yuanhai Automobile Shipping loaded 3,859 Chinese self-owned brand vehicles and set off for the Persian Gulf. This marks the official opening of the first liner route from Shanghai to the Persian Gulf for the Chinese PCTC fleet.
According to statistics, China's auto exports have entered a period of rapid growth since 2021, and the export volume reached 2.015 million vehicles in 2021, a year-on-year increase of 101.1%.
The latest data shows that from January to October this year, China exported 2.456 million vehicles, a year-on-year increase of 54.1%, and the annual export is expected to be close to 3 million.
The main mode of transportation for the export of complete automobiles is sea transportation, which is currently facing the urgent situation of insufficient transportation capacity, unstable transportation capacity and poor connection of logistics information.
In order to alleviate the shortage of PCTC capacity in China, major automobile shipping companies/shipowners have also stepped up efforts to expand the PCTC fleet. Since the beginning of this year, orders for new PCTCs have increased significantly compared with previous years, and most of them are large PCTCs with over 7,000 CEU.
Guangzhou Yuanhai Automobile Shipping announced that it has launched a new shipbuilding plan. From the second half of 2024, more than 15 large LNG dual-fuel 7,000-8,600 CEU PCTCs will be successively invested to ensure China's auto industry export supply chain.
Guangzhou Yuanhai Automobile Shipping is a third-party car logistics supply chain company jointly invested and established by COSCO SHIPPING Specialized Carriers, SIPGL and SAIC Anji Logistics.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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