Vehicle carrier markets still buoyant but clouds on the horizon
- Strong car exports from China and continued Suez Canal diversions have helped to keep freight rates and charter rates relatively high
- High newbuilding deliveries of pure car and truck carriers are expected to weigh on earnings going forward
- Veson Nautical believes there are strong downside risks when the fleet eventually returns via Red Sea routings
Strong newbuilding ordering activity of recent years is now over, says Veson Nautical associate director, valuation & analytics, Dan Nash
