Top of the cycle round the corner for car carriers

After a record 2022, earnings for car carriers are close to topping out ahead of an “armada” of newbuilds due to come on stream from next year, according to new analysis from VesselsValue.

By the end of 2022, VesselValue’s one-year time charter index for 6,500 ceu ships, had climbed by 200% to a record $103,000 a day. A standard 10-year-old 6,500 ceu ship increased in value by 84% last year.

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