Comment by Incipient
Vertically integrating. Not as subtle as I'd have expected, but still sensible.
Vertically integrating. Not as subtle as I'd have expected, but still sensible.
> Is there any precedent to car carriers dedicated to one manufacturer?
General Motors helped design the Vert-A-Pac. https://chevyvega.fandom.com/wiki/Vert-A-Pac
Not exclusively cars but Hyundai got into the game early, buying pure car carriers in the 80’s:
https://www.maritimegateway.com/volkswagen-group-orders-lng-...
These are also not owned by VW Logistics, but on long-term lease to them.
Note this is the similar for several BYD RoRo carriers, e.g. the BYD Explorer No.1 and BYD Changzhou are owned by Zodiac Maritime and chartered by/leased to BYD.
As to why a UK-based shipping company owned by a Israeli billionaire based in Monaco buys RoRo carriers from a Chinese shipyard, and then leases them back to a Chinese car maker, I don't know. But I'm also quite curious about the regulatory and financing-related incentives and money flows involved. I'm aware this kind of setup is called a "Non-operating owner" and is fairly common.
Okay fair enough thank you. The article points at just Volkswagen running 9 car carriers just for the north atlantic.
And BYD have been at it for a while, so time for a wholly owned one I guess.
> As to why a UK-based shipping company owned by a Israeli billionaire based in Monaco buys RoRo carriers from a Chinese shipyard, and then leases them back to a Chinese car maker, I don't know.
That's good. No idea if that's the reason, but that would be an easy way to invest in BYD while mostly not being subject to Chinese direct investing legal requirements and problems.
That's pushing vertical integration to extremes. Is there any precedent to car carriers dedicated to one manufacturer? Wikipedia mentions a "Toyota Maru No. 10" which was NOT owned by Toyota - although I don't know if it was dedicated to them.