CEVA Logistics, a subsidiary of French liner CMA CGM, has entered the car carrier trades, taking four dual-fuel Eastern Pacific ships on 10-year charters.
The 7,000 ceu ships are currently under construction at China Merchants Jinling Shipyard (Weihai), with the first vessel expected to be delivered in December and the three subsequent ships coming in 2024.
CEVA is also strengthening its Cars in Containers solution to offer a more flexible option for shippers that need to transport small quantities of finished vehicles to strategic ports or in-land locations not easily served by its own vessels or other carrier partners.
“With such a large need for additional capacity, we found a solution that allows us to co-create long-term value with our customers in the global economy by improving the go-to-market conditions for their finished vehicles,” commented a CEVA spokesperson.
The car carrier trades have been experiencing record rates for the last year, leading to a slew of newbuilds being contracted, led by the Chinese.
