Strong demand pushes up price for car carriers

Car carriers are buying new vessels on a large scale, and the prices of both newbuilds and second-hand vessels are surging, writes VesselsValue. Capacity shortages have caught shipowners off-guard.

Photo: PR/Wallenius Wilhelmsen

Demand for car carriers has shot up at high speed, and after an order shortage lasting several years, Japanese and Chinese shipyards have hiked up the prices for newbuilds, writes analyst firm VesselsValue.

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