The auto industry, already grappling with a global shortage of microchips, is now seeing another source of supply-chain concern: a lack of ships.
That represents another small headwind -- seaborne trade in cars is a fraction of overall activity -- for the industry. The likes of Ford Motor Co. and General Motors already painted a gloomy outlook in recent months, driven primarily by semi-conductor shortages impeding production. The surge has some companies worried about being able to secure ships to haul vehicles, according to Georg Whist, CEO of Gram Car Carriers ASA.
Cars are generally carried on so-called roll-on roll-off ships, most of which are specialist carriers. The U.S., Europe and UK are among the biggest import markets, according to Clarkson. Whist said a growing portion of exports are coming from China, further stretching the fleet.