News / Orders for car and truck carriers hit $14bn – highest since 2008

Pure car and truck carrier newbuilding orders total an estimated $14bn since 2020, the highest since the global financial crisis in 2008, according to Clarksons’ latest report, issued yesterday.

The Covid-19 period saw many PCTCs scrapped and few built, as working from home depressed vehicle demand – in 2020, just four PCTCs were commissioned.

But now rising Chinese car exports, up 58% year on year in Q1 23, to 1.07 million, are powering the recovery in PCTC demand. China is now the ...