The motor transport market is at an all-time high!Clarkson Research Shocks Releases "2023 Auto Ships** & Shipping" Report, Managing Director Steve Gordon Reveals Industry Change!
Shipping costs have skyrocketed!Rent rose by 10% to a record 11 per day$50,000!7 times the average of 2019!What kind of market turmoil is hidden behind the fees?
1.Sea freight traffic skyrocketed by 17%!The share of electric hybrid vehicles soared to 29%!
In 2023, the volume of automobile shipping will increase by 17% year-on-year to 23.7 million units, setting the fastest growth rate in a year!The proportion of electric hybrid vehicles in maritime transportation has surged from 9% in 2019 to 29%, ushering in a new era of maritime transportation!⚡
2.Asia is on the rise!China's automobile exports soared by 4.1 million units!
With Asia's exports on the rise, Clarkson Research predicts that China's auto exports will reach 4.1 million units, up 310% from 1 million units in 2020Japan's auto exports increased by 17%, South Korea increased by 20%, and the global pattern ushered in a new change!
3.New ship orders surged by 80 ships!85% can use alternative fuels!
The size of the car carrier fleet increased by only 2% compared to 2019, but in 2023, 80 new ship orders were added, and the number of hand-held orders reached 37%. An impressive 85% of orders can be made with alternative fuels, including LNG and methanol, leading the green energy revolution
4.The new EU regulations may become a "roadblock" in the market!The cost of carbon emissions may soar by 7$500 million!
The EU ETS could add about $300 million to the cost of the car transport market in 2024 and soar to 7$500 million!The new regulations promoted by the International Maritime Organization and the European Union will affect the operation of older vessels, and the market will face unprecedented challenges!
5.Outlook for the automobile transport market: supply growth rate of 8% demand or slowdown!
The fleet is expected to grow at an annual rate of 8%, but demand is likely to slow. In the short term, the car transport market remains strong, as it will take time for the market to "normalize". The market is changing, and grasping the opportunity has become the key!