The car carrier market faces uncertain times despite various positives including a shrinking orderbook.
For many years, the sector was very stable and profitable, benefiting from long-term contracts, sometimes of up to 10 years.
But trade wars, slowing economic growth and longer-term structural changes in the automotive industry have left the operators and tonnage providers with many challenges.
In 2018, about 16% of the 90 million cars produced globally were carried by sea.
