China's Car Export Boom Hits a Shipping Bottleneck
Chinese automakers are trying to move more vehicles into Europe, Australia and Latin America, but scarce car-carrier capacity has pushed charter rates up 65% this year.
What happened
Chinese automakers are trying to move more vehicles into Europe, Australia and Latin America, but scarce car-carrier capacity has pushed charter rates up 65% this year.
Why it matters
Even after the global car-carrier fleet grew by about 40%, shipping capacity still has not kept pace with Chinese vehicle exports.
What to watch
Watch next: car-carrier charter rates, Chinese vehicle exports, new fleet capacity, Europe and Australia deliveries, and automaker margins.
Transcript
Chinese automakers are trying to move more vehicles into Europe, Australia and Latin America, but scarce car-carrier capacity has pushed charter rates up 65% this year. Even after the global car-carrier fleet grew by about 40%, shipping capacity still has not kept pace with Chinese vehicle exports. Watch next: car-carrier charter rates, Chinese vehicle exports, new fleet capacity, Europe and Australia deliveries, and automaker margins. FreshInsight delivers source-grounded finance briefs for market professionals. Source: The Wall Street Journal Not financial advice. For information and education only.
Primary sources
Distribution
YouTube / 9hNiGSEYuac
Topics
finance, freshinsight, boom, china, auto-export-shipping-capacity-bottleneck, automaker-margins, car, car-carriers, car-carrier-charter-rates, china-auto-exports, chinese-vehicle-exports, europe-and-australia-deliveries, europe-australia-latin-america-deliveries, export, global-shipping, global-trade, new-fleet-capacity, there
Disclaimer
Information and education only. Not financial advice.