Car carriers have seen huge rises in value in record markets, according to VesselsValue.

The valuation platform's head of ferry, ro-ro and vehicle carriers, Dan Nash, calculates that some older ships have more than doubled in price over the last year.

“2022 was a record year for rates and values from a genuine super-cycle,” he said.

A standard 10-year-old, 6,500-ceu pure car truck carrier (PCTC) increased in value by a whopping 84% to $84m, Nash added.