PCTC is the fastest expanding shipping segment:
COSCOâs car carrier shipping venture has contracted CSSC Guangzhou Shipyard International (GSI) for the construction of three new vessels. The Guangzhou-based branch of the state-run shipbuilding conglomerate has booked 7,000 ceu LNG dual-fuel...
Estimated reading time: 1 minute
Having experienced a five-year drought in newbuild orders, the pure car and truck carrier market is booming again, with a majority contracted to Chinese shipyards. Data from Clarkson shows this niche area is outperforming the rest of the shipping market, with 38 newbuild PCTCs ordered in 2021 and 90 more in 2022.
Another PCTC/RoRo operator have signed long term deal with a major client:
Norwegian car carrier operator Wallenius Wilhelmsen has signed a multi-year deal with an undisclosed client, described only as a âleading industrial equipment manufacturerâ. The new multi-year contract has a duration of three years, plus a mutual...
Estimated reading time: 1 minute
âThis updated shipping agreement with an established long-term customer, is based upon multiple scheduled trade routes and secures the ocean capacity required to help deliver on their market ambitionsâ, said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.
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Car carrier fleet is fastest growing segment in shipping:
The red-hot car carrier (PCTC) market, where daily rates have been in six-digit territory for months on end, is set to grow in size by around 40% in the coming few years, according to AXSRoRo, a free new monthly title from the same publishers of...
Estimated reading time: 2 minutes
Clarksons data shows that the current PCTC fleet to orderbook stands at 35% today. Only LNG â at a record 55% â has a higher ratio.
Clarksons data shows that one-year time charters for 6,500 ceu ships are in the $105,000 range with car carriers having been one of the most profitable sectors in shipping in the 2020s.
One of the main reasons for the surging rates has been the changing trade patterns with cars being shipped far greater distances. This has largely been driven by surging long-haul Chinese exports particularly to Europe, and increasingly of larger, heavier electric vehicles. The situation has been exacerbated by the Red Sea shipping crisis which has seen car carriers take the much longer way to Europe via the Cape of Good Hope.
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As WW renew their fleet, older tonnage find new home:
Originally the M/V Tugela:
Fujian Mawei Shipbuilding successfully delivered a 7500 CEU LNG dual-fuel PCTC to Sallaum Lines on July 18, â 4 months ahead of schedule!
Dual-fuel (LNG) powered
ABS classed
13 decks, ready for NEVs incl. hydrogen & CNG
Advanced RORO & monitoring systems
Significant emissions reductions (COâ, SOx, NOx, PM)
This marks the first cooperation between a Chinese yard and Switzerlandâs Sallaum Lines, and a major step for green shipping collaboration between the two countries.
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As demand grows for low-carbon transport, Mawei Shipbuilding is proud to support global partners like Sallaum Lines in building smarter, cleaner fleets.
Source: Maasmond Newsclippings 203-2025
Dual-fuel (LNG) powered