Chinese vehicle maker BYD is considering going into shipowning by ordering a series of dual-fuel pure car/truck carrier newbuildings at domestic shipyards.

Shipbuilding sources said Shenzhen-headquartered BYD is joining the red hot car carrier sector because it is afraid it may not be able to secure enough vessels to meet its growing export volume.

Sources said the company is in discussions with shipyards for six to eight units of LNG-fuelled 7,700-ceu newbuildings.