Ray Car Carriers Books $1bn Ten-Ship PCTC Order at GSI
The Israeli tonnage provider has turned to Chinese shipbuilding for the first time in decades with an order for ten 8,200 ceu dual-fuel car carriers.
Israeli tonnage provider Ray Car Carriers has contracted Guangzhou Shipyard International and China Shipbuilding Trading for a series of ten pure car and truck carriers, with the total investment valued at more than $1 billion.
The newbuilding program comprises ten vessels, each featuring a carrying capacity of 8,200 car equivalent units. The series will be constructed with dual-fuel propulsion systems designed to operate on liquefied natural gas.
The contract marks a notable shift in procurement strategy for Ray Car Carriers. While the company has historically concentrated its large-scale newbuilding programs in South Korea for decades, this transaction represents its first major commercial shipbuilding foray into Chinese yards.
The extensive ten-vessel commitment reflects ongoing owner interest in securing high-capacity, alternative-fuel vehicle tonnage to meet evolving regulatory requirements and modern automotive supply chain needs.
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