Four Shipowners Set to Order More Than 30 Large PCTCs
In the ever-evolving world of maritime transportation, the global newbuild market for Pure Car and Truck Carriers (PCTCs) is currently witnessing a surge in orders, primarily driven by the growth of Chinese automobile exports. Chinese shipowners and automakers are at the forefront of this capacity expansion, with the total volume of new PCTC orders projected to reach a record high in 2026.
Three Chinese Companies Secure Orders for 21 PCTCs
Market reports indicate that three prominent Chinese entities—COSCO Shipping Specialized Transport Carriers, BYD, and SAIC Anji Logistics—are gearing up to construct a total of 21 PCTCs, each with a capacity of 11,000 vehicles. This ambitious endeavor comes with a hefty price tag of $2.5 billion (approximately 16.7 billion RMB).
COSCO SHIPPING Specialized plans to order 11 PCTCs, BYD aims for eight, and Anji Logistics is set to acquire two. While COSCO SHIPPING Specialized has already inked contracts for three vessels, the remaining orders will be fulfilled by Guangzhou Shipyard International. BYD’s vessels will be built across three shipyards, with specific details yet to be disclosed.
SAIC Anji Logistics, on the other hand, has initiated a tendering process for the construction of two LNG dual-fuel PCTCs, with deliveries slated to commence by September 2029. The company has set stringent criteria for bidding shipbuilders, emphasizing past experience in delivering similar vessels.
Norwegian Shipowner Ventures into LNG Dual-Fuel PCTCs
In a bid to expand its fleet, Norwegian shipowner Wallenius Wilhelmsen has announced plans to order up to 12 large LNG dual-fuel PCTCs. Advanced negotiations are ongoing with shipbuilders to finalize contracts for these eco-friendly vessels, with the first four scheduled for delivery in 2030.
If the deal materializes, Wallenius Wilhelmsen’s orderbook will swell to 26 vessels, with the remaining 14 to be constructed by China Merchants Jinling Shipyard. The company’s current projects include PCTCs equipped with LNG dual-fuel engines and an ammonia-ready design, showcasing a commitment to sustainability in maritime transport.
Anticipating a Historic High in PCTC Newbuild Orders
Apart from the developments by Chinese and Norwegian entities, a slew of global shipowners have recently signed contracts for PCTC construction, predominantly with Chinese shipbuilders. With orders pouring in from various corners of the world, the total volume of global PCTC newbuild orders for the year is expected to hit a historic high of 130 vessels, marking a significant milestone in the maritime industry’s evolution.
