The Shanghai Merchant Ship Design & Research Institute (SDARI) affiliated to China State Shipbuilding Corporation Limited (CSSC) has so far received orders for 55 pure car and truck carriers (PCTCs) in total since this year, with the global market share registering 67 percent, ranking the first in the world, reported Shanghai Securities News Thursday.
PCTC is a special transport ship with new high technology and high added value developing with the rise of the automobile trade.
Driven by the booming auto trade and the increasing demand for transport, orders for PCTCs are on the rise. According to the report, from 2016 to 2021, only 12 new ships were ordered in the global PCTC new ship market, however, in 2021, the total number of such ships in the orders in force recorded 38, and in the first three quarters of 2022, 82 such ships were ordered in the global new ship market.
The industry insiders expect that from 2024 to 2030, the demand for new PCTCsin the global market will reach about 200.
It is learned that SDARI has successfully developed and designed a number of new PCTCs of 7,000 parking spaces, 7,800 parking spaces, 8,600 parking spaces and 9,000 parking spaces which are favored by customers.
In the face of the demand for clean fuel in the shipping industry, SDARI also independently developed and designed China's first ammonia fuel-powered PCTC with 7,000 parking spaces.
The institute is also intensively developing methanol fuel-powered PCTCs, and is committed to contributing more innovative solutions to the low-carbon development of the global auto transport and shipping industry.