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Second chinese owned and built Car Carrier delivered
China's domestic carmakers now have a new option to ship their vehicles to overseas markets, after a cargo vessel capable of carrying 5,000 cars began operations, Chinadaily reported. The carrier will significantly cut shipping costs and reduce carmakers' heavy reliance on foreign logistics companies, according to senior executives of China Ocean Shipping (Group) Co (COSCO). The MV COSCO Tengfei car carrier, which can carry up to 5,000 cars and trucks, departed from Shanghai's Waigaoqiao port in the Pudong New Area on Saturday. This is the second delivery by this type of vessel following a successful shipment by MV COSCO Shengshi in February.
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