Car carrier supply and demand is reaching a balance, although it still has some way to go, Hoegh Autoliners chief executive Ivar Hansson Myklebust says.

The Oslo-based company, in which AP Moller-Maersk is a large shareholder, has achieved significant efficiency gains and Myklebust says more are to come.

“But you come to a point where we need to be better paid for our services for any long-term investment case,” he says.