Vessels are capable of carrying almost twice as many cars as its current transport crafts
A roll-on-roll-off ship in open seas. Picture: 123RF/kamchai95
SAIC Motor Corp, which has joint ventures with Volkswagen and General Motors in China, will acquire the vessels through its transport unit, Anji Logistics, according to people familiar with the matter. They will bolster Anji Logistics’s current fleet of about 25 vessels, which only have capacity to transport up to 4,300 vehicles each. A deal is likely to be signed in the coming weeks, the people said. The plan comes as the world’s ports battle congestion problems, with containers piling up and vessels stuck outside waiting to dock.
Shanghai-based SAIC revised up its export target in July and is on track to ship 55,0000 vehicles in 2021, an annual increase of about 40%, according to the Xinhua News Agency.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese partner of VW and GM SAIC in deal to buy megaships as demand leapsVessels are capable of carrying almost twice as many cars as its current transport crafts
Read more »
Chinese partner of VW and GM SAIC in deal to buy megaships as demand leapsVessels are capable of carrying almost twice as many cars as its current transport crafts
Read more »
EDITORIAL: AU fails Tigrayans as Abiy abets civil warPremier urges civilians to arm themselves against former partners in war with Eritrea
Read more »
EFF's coalition demands are unrealistic, likely to be rejected by ANC, says analystThe EFF's list of demands for entering into coalition agreements with other parties are unrealistic, says a political analyst.
Read more »
BUSI MAVUSO: Let’s salute the SA climate team for a fine achievementGreen-transition finance agreement has put SA at forefront of international climate funding deals
Read more »