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Cosco, BYD and SAIC Anji plan $2.5bn car-carrier newbuilding push
Chinese shipowners and carmakers are expanding car-carrier capacity to serve growing exports, with a reported joint plan for 21 large vessels.
Cosco Shipping Specialized Carriers, BYD and SAIC Anji Logistics plan to jointly invest around $2.5bn in 21 car-carriers with capacity of 11,000 CEU each, to be built at Chinese shipyards, according to the report.
Under the plan, Cosco Shipping would order up to 11 vessels, BYD eight and SAIC Anji two. Xiamen Shipbuilding and Guangzhou Shipyard International (GSI) are reportedly Cosco’s chosen builders.
The move reflects a broader push by Chinese shipowners and carmakers to grow their car-carrier fleets as exports rise. The report does not provide delivery dates or further operational details.
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