Hoegh Autoliners chief executive Andreas Enger believes car carrier rates will come down.
The sector has been red hot in recent years, with rates for a 6,500-ceu vessel rallying from just $10,000 per day in August 2020 to $110,000 per day in December 2022, with rates staying in the six-figure range since, thanks to a boom in Chinese exports and low capacity.
