Few ships and many cars send car carriers' profits skyward
Gram Car Carriers, Höegh Autoliners and Wallenius Wilhelmsen are benefiting from a red-hot market for sea transportation of new cars. Research house Clarksons questions the duration of the upturn.
by DAG HOLMSTAD
Too few ships for transportation and too many new cars heading to hungry export markets have created a red-hot market for car shipping companies, and this is reflected in earnings and share price increases, Clarksons writes in its recent ”Shipping Weekly” analysis.
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