Automotive shipping is still on the up, having hit a low point in 2016, further gains are expected, thanks to improving utilisation levels, according to Drewry.
Shipping of finished vehicles grew 6% last year, but there has been a dearth of orders for new car-carrying vessels, reports the analyst.
Head of car carriers at Drewry Tom Ossieur said: “Despite improving utilisation, owners and operators are holding off acquiring capacity through ordering or chartered tonnage, as trade uncertainty …
The post Business still booming for car-carriers, but headwinds on the way appeared first on The Loadstar.
Source: The Loadstar