Does the container market hold lessons for a recovery in the car carrier sector? The pure car/truck carrier (PCTC) market turned a decisive corner last year as cargo demand staged a recovery, with ceu demand expanding by more than 4% following a contraction in 2016. Fleet growth, meanwhile, slowed to less than 2% and the scene was set for an increase in sector employment and earnings.
Boxship charter and freight rate divergence holds lesson for PCTCs
Operators are pushing hard to improve freight rates but the relationship to time charter earnings remains critical, says Maritime Strategies International research director Niklas Carlen