Despite sourcing shifts, 'don't write-off China', says CMA CGM COO
China cannot be written off completely from supply chains, despite tension with the US and ...
Photo: Wallenius Wilhelmsen
It now costs a record $110,000 a day to charter a pure car and truck carrier (PCTC) for a year – a more than six-fold surge from pre-Covid-19 levels of $17,000/day.
Clarksons’ latest Shipping Intelligence Weekly, released on Friday, noted that tonnage remained tight amid a recovery in vehicle shipments.
During the pandemic, there was under-investment in PCTC newbuildings, as movement restrictions slashed demand for new vehicles, resulting in many older PCTCs being scrapped.
Last year, 90 PCTCs of 560,000 car-equivalent units were ...
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