Looking beyond the current bearish market conditions, Norwegian Car Carriers (NOCC) chief executive Olav Sollie says the next couple of years look bright for the sector where his company operates.
While freight and time-charter rates are “too low to be sustainable”, the orderbook is emptying quickly and demand continues to grow, he says.
This means the “forces of gravity shall be expected to work soon, meaning rebalancing of the market”, Sollie adds.
