The outlook for car carriers remains bright even as ordering boosts future capacity, Clarksons Research believes.

The UK company’s latest report into the red-hot sector shows exceptionally firm market conditions, with freight and charter rates at record levels.

Seaborne trade is projected to grow by a robust 14% in car-miles this year, rising 2% above pre-Covid levels, with surging long-haul Chinese exports accounting for more than 50% of this growth, Clarksons Research forecasts.