Chinese made cars transported by Chinese carriers is trending

Since the second quarter of 2020, the international PCTC market has seen a surge in freight rates.
 
Clarkson Research revealed in the latest issue of Market Week that car carrier rentals have reached an all-time high so far this year, surpassing the pre-financial crisis record set in 2008.
 
The trade pattern change brought market demand growth. In addition, the accelerated electrification of the auto industry is driving increased maritime trade in larger, heavier electric vehicles and plug-in hybrids, which will also take up more deck space. Supply chain congestion further boosted the market.
 
In recent years, China's automobile industry has developed rapidly and the PCTC will be in short supply in the future.
 
According to Clarkson, China's vehicle production will grow 104% year on year in 2021 (to 1.6 million units), with the bulk of the increase coming from long-distance export shipments to European market.
 
China's auto production and sales have ranked first in the world and become an important pole of the global auto industry, which is the general trend of "Chinese made cars transported by Chinese carriers".
 
SAIC AnJi Logistics is the largest auto enterprise self-supporting fleet in China, with 31 kinds of PCTC.
 
In January this year, SAIC AnJi Logistics signed a construction contract with Jiangnan Shipbuilding for two 7600 CEU LNG dual-fuel PCTC vessels. In March this year, AnJi Shipping, a subsidiary of SAIC AnJi Logistics issued a tender notice for three 7800 CEU LNG dual-fuel PCTC vessels.
 
CMES RORO and COSCO Shipping Specialized Carriers, two listed companies with PCTC business. 

CMES RORO is seizing the opportunity to expand its international business and has even considered buying European shipowners.
 
In February this year, COSCO Shipping Specialized Carriers announced that it will establish a joint PCTC company with SAIC AnJi Logistics.
 
COSCO Shipping Specialized Carriers has initially selected 3 shipyards to build the 15 LNG dual-fuel PCTC vessels. Further orders for new ships are expected in the future.

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.