News / Car-carrier bonanza set to continue as China 'floods' the market

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Following Maersk’s divestment from Höegh last week, the latest projections from Clarksons Research are that car-carrier volumes will be up 12% this year, compared with pre-pandemic (2018) levels.

It has not been unusual to see the charter of a 6,500 ceu [car equivalent unit] car-carrier fixed at rates of $110,000 a day this year, with one of a $115,000 a day agreed in October, said Clarksons.

Maersk sold 20m shares, representing a 10.2% stake in Höegh Autoliners, on 28 November for NOK90, ...