A shortage is haunting the pure car/truck carrier (PCTC) market — the shortage of microchips.

Despite a strong 2021 recovery in demand for personal vehicles following the low point of the Covid-19 pandemic in 2020, car export volumes have struggled this year and have not yet recovered to the levels of 2019.

The reason is semiconductor supply. The chips that make modern cars so smart also make them vulnerable. Clarksons' Erik Tonne estimates that up to 10m cars, around 10% of expected shipping volumes, will go unbuilt or unfinished in 2021 thanks to the chip shortage.