Idle tonnage in deepsea auto trades soars as demand slumps
Up to 200 pure car and truck carriers are thought to be inactive while charter rates are around record lows, but a small orderbook gives some rise to cautious optimism on the fleet supply side
The PCTC trades have struggled with poor market conditions since the 2009 financial crisis, but the coronavirus backdrop has made matters much worse. However, a small orderbook and the prospect of more ship recycling should limit fleet growth
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