The car-carrier market is now at a crossroads, as charter rates have corrected substantially from the astronomical highs seen in 2023, according to shipbroking firm Clarksons.
Last year, daily charter rates for a 6,500-car equivalent unit (ceu) carrier peaked above $110,000 – today, that rate is around $95,000.
Clarksons analyst David Whittaker attributed the correction to a levelling-off of car exports from certain markets and PCTC newbuildings following high orders in 2022.
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