China wants to win another car industry segment: car shipping


Source: qz.com qz.com

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Before a car hits the road, it’s likely to have sailed the high seas aboard a massive, specialized ship: a roll-on/roll-off car carrier. These large vessels, resembling giant floating garages, can carry thousands of cars at a time. Over decades, Japan, long an automotive powerhouse, has built a globally dominant fleet of car carriers. According to data from Clarksons Research, nearly 40% of the world’s car carrier fleet is Japanese, as measured both by the number of vessels and the capacity of the ships. By contrast, Chinese ships make up only a tiny sliver of the international fleet: barely 3%...