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Car carrier sector shows signs of recovery

Car sales crept up toward pre-pandemic levels toward the end of the year. Tonnage is getting scarce, and an ‘extremely low’ orderbook bodes well for future earnings, MSI research director Niklas Carlen says

The car carrier market looks set to improve later this year after its nadir in the middle of 2020. Wallenius Wilhelmsen is bringing nine of 16 ships out of cold layup. But coronavirus continues to cloud the future, with a return to normal far from certain.

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