World’s Biggest Car Shipper Warns Charter Rates Will Come Down

High global charter shipping rates buoyed by record exports of electric vehicles from China may not last, the head of the world’s larger autoliner said, amid geopolitical moves to limit Chinese automakers’ reach.

“The car carrier industry has enjoyed exceptionally good times for a couple of years actually and we still are,” said Andreas Enger, the chief executive officer of Höegh Autoliners ASA. “It’s fair to say that our profit level is exceptional. But it’s also at a level that you can’t expect it to remain forever.”

Andreas Enger

Photographer: Qilai Shen/Bloomberg

A shortage of capacity following a shipbuilding lull during the ...