Expanding car trade supports demand

The car carrier market continues to show strength, supported by healthy Asian export volumes and renewed optimism following a political breakthrough on U.S. auto tariffs. European passenger car sales also posted encouraging growth in July, up nearly 6% year-on-year, with EV and hybrid registrations driving the increase. This reinforces demand for trans-Atlantic shipments and underpins a constructive trade outlook. Progress in EU–U.S. negotiations on lowering tariffs on cars further supports the sector by reducing barriers to vehicle flows between key markets.

Newbuildings highlight EMF’s growth strategy
EMF is also advancing its own position. We currently have two PCTC vessels under construction, both progressing well through the building process. These newbuildings highlight not only our growth strategy but also our conviction in the long-term fundamentals of the sector.

Strong fundamentals reinforce long-term confidence
While analysts note risks from additional newbuilding deliveries, trade barriers, and competition from Chinese EV exports, solid backlogs, expanding trade flows, and resilient demand continue to support earnings potential. With our own vessels well underway and positive structural drivers in place, we remain confident in the PCTC segment and believe it offers an attractive opportunity for sustained growth.