Supply and demand are still tight, and the new ship market is booming

It is expected that in 2023, the tension between supply and demand of automobile ro-ro shipping will not be effectively alleviated, and freight rates are expected to remain high. In recent years, the global demand for new energy vehicles has continued to be strong, along with China's global comparative advantage in the new energy vehicle industry chain and the comprehensive improvement of the product competitiveness of Chinese automobile brands, China's automobile exports have increased significantly, thus driving the global automobile shipping turnover to increase, the global automobile shipping supply and demand relationship continues to be tense, and the freight rate has soared. Looking forward to 2023, it is expected that the growth rate of global automobile shipping turnover will still be higher than the growth rate of transportation capacity, so the tension between supply and demand of automobile shipping will not be effectively alleviated, and the freight rate is expected to remain high. Clarksons predicts that in 2023, the growth rate of global automobile shipping turnover will be 5.1%, and the growth rate of shipping capacity will be 1.3%. The difference between supply and demand growth is still positive, and the growth rate of shipping capacity will not be able to meet the demand for shipping.

Auto roro market outlook: In 2023, the hot market of auto RORo market will continue

In 2023, the hot market of car ro-ro shipment is expected to continue. In the short term, it is expected that in 2023, the tension between car ro-ro shipping supply and demand will not be effectively alleviated, and the freight rate is expected to remain high, and the profit level of shipowners is still high. In the long run, in recent years, with the comprehensive improvement of China's global comparative advantage in the new energy automobile industry chain and the product competitive strength of Chinese automobile brands, China is expected to become the global center of new energy automobile brands, and the long-term improvement of Chinese brand automobile exports, thus driving the growth of global automobile maritime trade demand. On the whole, we believe that in 2023, shipowners' willingness to place orders for new ships is still strong, and the hot market of auto ro-ro shipment is expected to continue.