Vehicle carriers given Indian boost

In addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.

There are shortages in car carrying capacity, especially in China, where the export of electric vehicles has soared in the past two years.

At least 19 auctions are planned this year and as many as 35 over the next three years, according to Brazil’s Ministry of Ports and Airports (MoPA).

DP World has signed multiple Memoranda of Understanding (MoU) with the provincial government of Gujarat in India, covering the development of ports, logistics centres and economic zones.

DP World Yarimca and Chery Automotive, the large China-based manufacturer of automobiles, have developed a new racking system that enables 50% more vehicles to be loaded in a container compared with no racking.

One crew member is dead and several others are injured after a fire broke out on a car carrier off the coast of the Netherlands, forcing some seafarers to jump from the vessel.