High Rates of PCTC Deliveries - Low New Orders in 2025
The Pure Car Truck Carrier (PCTC) market has reached a pivotal point with significant deliveries but declining new orders for 2025.
The Pure Car Truck Carrier (PCTC) market is undergoing a transformative change as it reaches a pivotal point following heightened activity in the years from 2021 to 2024, during which over 280 new orders were placed. However, 2025 is signaling a stark contrast, with only six new orders for PCTC constructions reported. This decline in new orders contrasts sharply with the historical highs in delivery rates, where 75 PCTC vessels were incorporated into the global fleet amidst a recovering post-pandemic economy.
The surge in PCTC orders during the COVID-19 recovery phase was significantly driven by the rising exports of vehicles from China, as shipowners and capacity providers, including several new entrants, capitalized on this explosive growth. As the global automotive production landscape becomes increasingly centered in China, even traditional European and Japanese manufacturers are setting up production facilities within the country. For example, Mazda has joined forces with China's Changan Automobile to form the Changan Mazda joint venture, highlighting this trend.
As the market adjusts to new dynamics, the implications for the PCTC sector and global shipping routes are profound. With historical delivery rates contrasted against low new order placements, stakeholders in the shipping and automotive industries will need to reassess their strategies. This situation poses challenges and opportunities in international trade patterns, particularly in relation to Chinese manufacturing and its growing influence in the global automotive market.