The car carrier fleet this year is expected to see the highest number of newbuilding deliveries since 2012.

Fleet growth comes as volumes of overseas vehicle shipments into the largest market, North America, return to pre-recession levels.

But shipowners are tempering expectations for further growth as North American car buying appears to be hitting a peak. In addition, US president Donald Trump’s new administration adds new risk to trade.

Ari Marjamaa, head of market intelligence at Wallenius Wilhelmsen Logistics, says the market has a lot of capacity to absorb in 2017.