U-turn for ocean rates in car-carrier charter market as exports level off
The car-carrier market is now at a crossroads, as charter rates have corrected substantially from ...
© Bj�rn Wylezich
Hyundai Glovis, the automaker’s logistics unit, is planning to build the largest pure car and truck carriers (PCTCs) in the world.
On Thursday, it unveiled plans to spend $1.84bn on a dozen LNG-fuelled, 10,800-car unit-capacity vessels, expected to be delivered in 2027 and in service for 20 years.
The ships will be focused on carrying compact cars and will be the first to be able to accommodate at least 10,000 per voyage.
Glovis said: “We want to have a stable fleet in the ...
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