French line, CMA CGM, is looking at chartering four roll-on roll-off (RoRo) vessels to add capacity to space constraints experienced in the lucrative car carrier market.
Currently bolstered by strong demand since at least 2021, the RoRo industry has attracted investment from several ocean operators.
Word on the ground is that Hyundai Merchant Marine is also looking at joining in the spoils while Chinese line, Cosco Shipping, has apparently added three more RoRos to its order book.
Together with a joint venture it has formed with Guangzhou Ocean Car Carrier (GOCC), Cocso and GOCC now boast 24 RoRos on their shared order book.
According to shipping investments adviser, Braemar, growth in the sector is steadily tracking upwards, with interest in pure car and truck carriers (PCTC) being particularly strong, especially for 7000-unit PCTCs.
