News / China Merchants joins car export boom with order for new PCTCs

Chang Tai Hong, one of CMES’ PCTCs Photo: VesselFinder

The car-carrying market continues to expand, and China Merchants (CMES), the second-largest state-owned shipping group has ordered two 9,300-unit methanol-powered pure car and truck carriers (PCTCs) from its affiliate, China Merchants Heavy Industry, with options for another four of the ships.

The newbuildings, at $96m each, are believed to be the first PCTCs t0 burn methanol, and will be delivered between H2 25 and H1 26.

CMES, which launched ocean-going vehicle shipping operations last year, said: “Benefiting from the growth of China’s electric vehicles ...