{
  "id": 10293455,
  "title": "China seizes PCTC orders as Europe pivots, South Korea targets LNG carriers",
  "url": "https://urgent.news/2026/09/27/china-seizes-pctc-orders-as-europe-pivots-south-korea-targets-lng",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-27T21:00:44.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/china-seizes-pctc-orders-as-europe-pivots-south-korea-targets-lng-carriers/"
  },
  "original_language": "en",
  "account": "China is emerging as the dominant player in the global pure car and truck carrier (PCTC) market. As Chinese automobile exports continue to soar, the country's shipbuilders are stepping up to meet the growing demand for these specialized vessels. According to industry data, 58 new PCTCs were ordered worldwide between January and July, with China securing orders for 56 of them. This is a significant increase from previous years, when orders had been far fewer. The surge in PCTC orders is partly driven by China's booming automobile industry, which has exported a record 5.1 million vehicles in the first half of this year alone. However, there is a shortage of PCTCs to transport these vehicles, leading to a surge in demand for second-hand ships as well. Korean shipyards have traditionally been strong competitors in this market, but their dock facilities are now saturated with larger container ships and liquefied natural gas carriers (LNGCs), making China an increasingly attractive alternative. Foreign carriers, including European shipping companies, have also begun to shift their PCTC orders to Chinese shipyards. For instance, Italian firm Grimaldi placed 12 PCTC orders with Chinese builders, and Chinese electric vehicle maker BYD has ordered 10 9,200 CEU-class vessels from a domestic shipyard. This shift in PCTC orders from Korean to Chinese shipyards is attributed to factors such as lower unit costs, the lack of advanced technology in PCTCs, and China's policies aimed at protecting domestic supply chains.",
  "summary": "China’s solo dominance is hardening in the global pure car and truck carrier (PCTC) ordering market. As China’s automobile export volumes surge and Chinese shipbuilders absorb the carrier demand, European shipping companies that had assigned work to Korea and others are also said to have recently placed large-scale orders in China. According to Clarksons Research, ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}