Wed, December 11, 2024
[ Wed, Dec 11th 2024 ]: Daily Journal
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[ Wed, Dec 11th 2024 ]: Businessworld
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[ Wed, Dec 11th 2024 ]: Houston Public Media
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[ Wed, Dec 11th 2024 ]: Stoneham Independent
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[ Wed, Dec 11th 2024 ]: The Franklin News Post
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[ Wed, Dec 11th 2024 ]: Yahoo
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[ Wed, Dec 11th 2024 ]: Forbes
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[ Wed, Dec 11th 2024 ]: Wall Street Journal
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[ Wed, Dec 11th 2024 ]: Detroit News
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[ Wed, Dec 11th 2024 ]: Los Angeles Times
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[ Wed, Dec 11th 2024 ]: Reuters
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[ Wed, Dec 11th 2024 ]: CalMatters
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[ Wed, Dec 11th 2024 ]: The Verge
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[ Wed, Dec 11th 2024 ]: Associated Press
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[ Wed, Dec 11th 2024 ]: Cars
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[ Wed, Dec 11th 2024 ]: USA Today
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[ Wed, Dec 11th 2024 ]: CNBC
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Tue, December 10, 2024
[ Tue, Dec 10th 2024 ]: USA Today
GM dumps Cruise robotaxi plans; shifts autonomy work to personal cars
[ Tue, Dec 10th 2024 ]: Crain's Detroit
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[ Tue, Dec 10th 2024 ]: The New York Times
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[ Tue, Dec 10th 2024 ]: Bloomberg L.P.
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[ Tue, Dec 10th 2024 ]: Reuters
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[ Mon, Dec 09th 2024 ]: Wall Street Journal
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[ Mon, Dec 09th 2024 ]: Reuters
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[ Mon, Dec 09th 2024 ]: ABC
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[ Mon, Dec 09th 2024 ]: The New York Times
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A Boom in Earnings for Car-Carrying Ships Is Starting to Fade

  Copy link into your clipboard //automotive-transportation.news-articles.net/co .. -for-car-carrying-ships-is-starting-to-fade.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.
The article from Bloomberg, published on December 10, 2024, discusses the diminishing boom in earnings for car-carrying ships. Previously, these ships experienced a surge in demand and profitability due to a combination of factors including a global increase in car sales, supply chain disruptions, and a shortage of shipping capacity. However, recent trends indicate that the earnings peak has passed. The decline is attributed to several reasons: the normalization of supply chains, an increase in the number of car-carrying vessels, and a slowdown in new car production due to economic uncertainties and shifts towards electric vehicles which require less space. Additionally, the article notes that while rates are still above historical averages, the market is cooling down, with shipping companies now facing overcapacity and reduced rates, prompting a more cautious outlook for the future of this niche shipping sector.

Read the Full Bloomberg L.P. Article at:
[ https://www.bloomberg.com/news/articles/2024-12-10/a-boom-in-earnings-for-car-carrying-ships-is-starting-to-fade ]