Charter rates for pure car and truck carriers (PCTCs) are expected to halve from their 2023 peak of more than $110,000 a day to $50,000 this year, according to Veson Nautical’s valuation platform VesselsValue.
VesselsValue cites high newbuilding deliveries resulting from massive orders in 2022 and 2023, amid a potential downside to demand for Chinese electric vehicles (due to tariffs and the abolition of US EV subsidies).
PCTC demand picked up after …
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