NEWS: The Loadstar - Booming Auto Export Market - Full Ports & Orderbooks

The Loadstar

 

The ro-ro market is continuing to boom, with demand remaining high and vessel space at a premium boosting rates, while port operators in Europe are refusing to take more vehicles as storage reaches capacity.

According to a Loadstar source, storage is overwhelmed by the scale of imports at the port of Antwerp-Bruges.

“We’ve resorted to moving cars in containers,” the source said.

Other ports are also taking measures as port storage is overwhelmed by the scale of imports into Europe, according to the source.

In an effort to meet the increased demand – expected to be sustained as electric vehicles replace internal combustion engines  –carriers are busy ordering new vessels.


Read more here. . . Booming Auto Export Market - Full Ports & Orderbooks