Volkswagen Goes Clean as Shipments Surge, Trump Looms — Panjiva
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Volkswagen Goes Clean as Shipments Surge, Trump Looms

Cons. Discr. - Autos 1251 Germany 268 Mode - Seaborne 1846 U.S. 5404

Volkswagen’s clean energy strategy includes LNG shipping on Transatlantic routes, with construction of two vessels having started for delivery in 2019. VW’s exports of cars to the U.S. has surged recently with a 59% rise in seaborne shipments in the three months to February 28 having followed a 7% growth in the prior three quarters. The company handled 77% of its shipments on its own vessels in the past 12 months, with an increased reliance on NYK as it struggles to meet demand. The automaker faces a risk from potential tariffs on German automobile exports. That’s been a repeated thre...

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