Car carrier owners have one more year to enjoy phenomenal freight and charter rates before a big slate of newbuildings puts an end to the party.

This is according to VesselsValue’s head of ferry, ro-ro and vehicle carriers, Dan Nash, who calculates companies have spent $6.07bn over the last year on 65 newbuildings, up 32% from 2021.

Last year was characterised by record rates and delays on the main transatlantic and Asia to Europe liner services.