Monday, November 17, 2008

PCTC Owners React to Global Slowdown

From Lloyds List - Owners set to axe 25% of car carriers fleet as car sales slump.

- PCTC (Pure Car and Truck Carrier) owners are scrapping older ships and in some cases reducing speeds from 18-20 kts to 12 - 15 kts.

- Car ships are still full now because auto makers were unable to react quickly enough to the sudden down turn in demand.

K.C.

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