3 ms·

Vertically integrating. Not as subtle as I'd have expected, but still sensible.

creer 2y ago
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.
- markrages 2y ago
  > 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 https://chevyvega.fandom.com/wiki/Vert-A-Pac
  - creer 2y ago
    Cool engineering, thank you.
- sho_hn 2y ago
  https://www.maritimegateway.com/volkswagen-group-orders-lng-powered-ro-ro-ships/ 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.
  - creer 2y ago
    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.
- richardw 2y ago
  Not exclusively cars but Hyundai got into the game early, buying pure car carriers in the 80’s: https://en.m.wikipedia.org/wiki/HMM_(company) https://en.m.wikipedia.org/wiki/HMM_(company)
  - sho_hn 2y ago
    Sorta makes sense -- the first time Germany noticed Korea in the 80s is when their shipyards started outbidding the German ones.

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.

markrages 2y ago
> 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 https://chevyvega.fandom.com/wiki/Vert-A-Pac
- creer 2y ago
  Cool engineering, thank you.
sho_hn 2y ago
https://www.maritimegateway.com/volkswagen-group-orders-lng-powered-ro-ro-ships/ 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.
- creer 2y ago
  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.
richardw 2y ago
Not exclusively cars but Hyundai got into the game early, buying pure car carriers in the 80’s: https://en.m.wikipedia.org/wiki/HMM_(company) https://en.m.wikipedia.org/wiki/HMM_(company)
- sho_hn 2y ago
  Sorta makes sense -- the first time Germany noticed Korea in the 80s is when their shipyards started outbidding the German ones.