Big Chinese newbuild orderbook to haunt vehicle carrier sector if USTR levy comes to pass
- About 90% of the vehicle carrier orderbook is attributed to Chinese shipyards
- The China-built share of the existing fleet is still relatively small
- All global operators have now ordered new PCTCs at Chinese shipyards
Some 60% of the global deepsea vehicle carrier fleet trades to US ports. Most vehicle carrier operators will be unable to avoid potential USTR levy as the China-built share of the fleet is set to balloon