A booming Car Carrier market

The massive ships that carry the cars across the oceans of the world have seen a dramatic uptick in the number ordered.

What does this mean for auto shipping? It means that the demand is strong, worldwide, and that the next several years are predicted to be growing in terms of total units shipped – a good thing for those involved with transporting commercial vehicles of all types.

 

This contract boom for PCTCs came after a period of deliveries of long new building series ordered from 2007 to 2009.

Much has happened since: the major owners within the segment have spent significant funds on developing the most economical new-generation PCTC designs not restricted by the existing Panama max beam of 32.26m.

DNV has been involved in the pre-contract phase for many of these projects through advisory work related to feasibility studies and early design review.

The first post-Panamax PCTC order to DNV class was placed with HHI by EUKOR.

Since then, we have won contracts for four other post-Panamax PCTCs for Wilhelmsen, Hegh, NYK and Ray Shipping.

This is DNVs first-ever newbuilding contract with NYK.

Cooperation and supportIn close cooperation with the major shipyards that have built PCTCs during the past few decades, DNV has played an important part in improving the design to ensure the dynamic operation of this ship type.

Through several accumulated years of operation, new special design concepts and structural solutions have been proven both feasible and more reliable.

Vessels in Operation records show that the number of findings has decreased significantly for critical areas.

Over the past decade, the DNV-classed PCTC fleet has doubled in number and DNVs market share has increased from 17% to approx.

24%.

This is mainly due to continuous, close and constructive cooperation with key players in the segment through technical support and a global customer service network.

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