as we already discussed here. China is taking over the Russian auto market. 11 out of 14 car brands in Russia are Chinese.
New Energy Vehicles (NEVs) in China
- Thread starter supercat
- Start date
Orban is probably the smartest leader in Europe. The rest of Europe is run by morons who willingly destroy their economy to benefit America.
No. Russia and China share borders but it is much easier logistically to import cars from Europe for Russians. You failed to appreciate the actual important element here, distance. I mean the distance between Russia's major population areas (and the wealthier side) is closer geographically to the UK than it is to China's industrial eastern seaboard.
Ro-ro market rebounds as rates double and vessel space is at a premium
As the container shipping bonanza comes to an end, the ro-ro market has come alive, with full ships, spot rates in the stratosphere and space on vessels at an absolute premium for months to come.
Forwarders looking to ship electric vehicles are having to book up to four months in advance, as carriers meet service contracts, but for any excess freight, even that for contracted customers, it means having to pay spot rates.
This can be very costly, as ro-ro rates have doubled in the past year on all routes around the globe, one forwarder told The Loadstar.
“The ro-ro market really is going through a bit of a crisis. Rates on the spot market are increasing, but you simply can’t get capacity.
“Some OEMs are trying to charter tonnage – but there are no vessels to charter as they are all deployed with the scheduled carriers, of which there are only five main global ones.”
Ironically for the automotive industry, factories are able to manufacture product now that parts are available, but the finished cars are sitting at ports, unable to be shipped due to a lack of car-carrying capacity.
The forwarder said: “It is now very competitive, it can be cheaper to ship a vehicle in a container, or even to break down a large agricultural machine to containerise it – as at least it can be shipped on a weekly container vessel.
“This model hasn’t worked for many years – but now with lack of capacity and increasing ro-ro rates, the market has reversed. Containerising cars is becoming the only way to transport vehicles on long-haul lanes effectively and efficiently,” explained the forwarder.
With the transition to electric vehicles gathering pace, demand for them is steadily rising, but getting the cars to market is becoming an increasingly difficult challenge and, according to forwarders, will remain so throughout next year, and possibly into 2024.
And current market economics are reflected in the stock market, with one of the larger ro-ro operators, Wallenius Wilhelmsen, listed on the Euronext, ended 2019 at just over NOK20 per share, falling to below NOK8 during the pandemic, but has now rebounded to a little under NOK100 ($10).
theloadstar.com/ro-ro-market-rebounds-as-rates-double-and-vessel-space-at-a-premium/
---
Given that container rates from China to Europe have fallen back down to below $2000, this should be cheaper than the China-Europe railway. It looks like Ro-Ro rates were previously $700-800 per car
As the container shipping bonanza comes to an end, the ro-ro market has come alive, with full ships, spot rates in the stratosphere and space on vessels at an absolute premium for months to come.
Forwarders looking to ship electric vehicles are having to book up to four months in advance, as carriers meet service contracts, but for any excess freight, even that for contracted customers, it means having to pay spot rates.
This can be very costly, as ro-ro rates have doubled in the past year on all routes around the globe, one forwarder told The Loadstar.
“The ro-ro market really is going through a bit of a crisis. Rates on the spot market are increasing, but you simply can’t get capacity.
“Some OEMs are trying to charter tonnage – but there are no vessels to charter as they are all deployed with the scheduled carriers, of which there are only five main global ones.”
Ironically for the automotive industry, factories are able to manufacture product now that parts are available, but the finished cars are sitting at ports, unable to be shipped due to a lack of car-carrying capacity.
The forwarder said: “It is now very competitive, it can be cheaper to ship a vehicle in a container, or even to break down a large agricultural machine to containerise it – as at least it can be shipped on a weekly container vessel.
“This model hasn’t worked for many years – but now with lack of capacity and increasing ro-ro rates, the market has reversed. Containerising cars is becoming the only way to transport vehicles on long-haul lanes effectively and efficiently,” explained the forwarder.
With the transition to electric vehicles gathering pace, demand for them is steadily rising, but getting the cars to market is becoming an increasingly difficult challenge and, according to forwarders, will remain so throughout next year, and possibly into 2024.
And current market economics are reflected in the stock market, with one of the larger ro-ro operators, Wallenius Wilhelmsen, listed on the Euronext, ended 2019 at just over NOK20 per share, falling to below NOK8 during the pandemic, but has now rebounded to a little under NOK100 ($10).
theloadstar.com/ro-ro-market-rebounds-as-rates-double-and-vessel-space-at-a-premium/
---
Given that container rates from China to Europe have fallen back down to below $2000, this should be cheaper than the China-Europe railway. It looks like Ro-Ro rates were previously $700-800 per car
Russia has dedicated car import terminals at St. Petersburg and Vladivostok. The port at St. Petersburg mostly used to import German cars, and the one at Vladivostok Japanese and South Korean ones. But now with the sanctions Russia cannot import either cars or car parts from any of those countries.
Vehicle import terminal at Great Port of St. Petersburg.
Last edited:
What it, let's not turn this into another geopolitical discussion. You have a penchant for that.
Black sesame getting investment from Dongfeng. Looks like Dongfeng maybe using them on future cars
Not sure what they are doing here, but Lucid is looking to get into the Chinese market. Seems like just a stupid idea.
QCraft will be working on autonomous solution using Horizon Robotics Journey 5 chip. Another one that could go on various Chinese cars. I'm not sure large players like BYD and Geely really need to develop their own autonomous solution when they can just buy out these firms. We will see.
Not sure what they are doing here, but Lucid is looking to get into the Chinese market. Seems like just a stupid idea.
QCraft will be working on autonomous solution using Horizon Robotics Journey 5 chip. Another one that could go on various Chinese cars. I'm not sure large players like BYD and Geely really need to develop their own autonomous solution when they can just buy out these firms. We will see.