PCTC News

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PCTC is the fastest expanding shipping segment:

COSCO car carrier venture in for three GSI newbuilds - Splash247

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.

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Deltamarin signs multiple design contracts for PCTCs | Deltamarin Ltd

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Wallenius Wilhelmsen signs for up to a dozen methanol-fuelled newbuilds in...

Wallenius Wilhelmsen operates around 125 ships and is already teaming up with customers on reducing emissions through biofuel. The new vessels will speed up the company’s operations towards net-zero, said Leroi, adding that: “This requires new and more expensive fuels and we are committed to securing this together with our customers as soon as it can be made available.”

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https://www.macgregor.com/news-insights/releases/2023/macgregor-has-received-a-significant-roro-equipment-order-for-two-pure-car-and-truck-carriers/

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Seaspan enters new sector, ordering world’s largest car carriers with Hyundai...

In addition to LNG fuel, the car carrier newbuilds will be methanol and ammonia-ready.

The 10,800 ceu design, which Seaspan and Hyundai Glovis have opted for, could be trumped soon. At the Marintec China trade fair this week, class society DNV awarded an approval in principle certificate to China Merchants Jinling Shipyard for an 11,000 ceu design.

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MOL welcomes LNG-powered car carrier Cerulean Ace

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Wallenius Wilhelmsen adds four car carriers at Jinling Shipyard

The latest four vessels will be able to use methanol and ammonia as fuel upon delivery.
Wallenius Wilhelmsen now has firm contracts for eight new vessels with delivery from mid-2026 onwards, and eight optional vessels at Jinling Shipyard.

Source: Wallenius Wilhelmsen adds four car carriers at Jinling Shipyard | Seatrade Maritime

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Wallenius Wilhelmsen nets $1bn deal in premium car segment - Splash247

The new deal, worth more than $1bn, has been struck with one of the leading players in premium car brands to cover both shipping and logistics services, as well as the use of biofuel.

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Höegh Autoliners nets five-year deal to bring cars from North America to the...

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Another PCTC/RoRo operator have signed long term deal with a major client:

Wallenius Wilhelmsen inks $195m transport deal - Splash247

“This 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 ambitions”, said Pia Synnerman, chief customer officer at Wallenius Wilhelmsen.

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Car carrier fleet is fastest growing segment in shipping:

Car carrier fleet poised to expand by 40% - Splash247

Clarksons data shows that the current PCTC fleet to orderbook stands at 35% today. Only LNG – at a record 55% – 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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How large is too large?:

Wallenius Wilhelmsen boosts car carrier newbuilds to world's largest - Splash247

The Oslo-listed company, which has a dozen of 9,300 ceu vessels of the so-called Shaper class firmed up for construction at China Merchants Jinling Shipyard, has decided to boost four of the newbuilds to 11,700 ceu (car equivalent units).

Late last year, Seaspan, the world’s largest boxship lessor, and South Korean flagship line HMM teamed up with Hyundai Glovis, the shipping and logistics unit of Hyundai Motor Group, to order 10,800 ceu vessels claimed at the time as the largest under-development car carriers. Hot on the heels of this order, China Merchants Jinling revealed a design for an 11,000 ceu ship and secured an approval in principle from class society DNV.

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As WW renew their fleet, older tonnage find new home:

ARC Welcomes 10th Ro-Ro Into its U.S.-Flag Fleet

Originally the M/V Tugela:

BalticShipping.com