Norwegian/Swedish joint venture Wallenus Wilhelmsen Logistics (WWL) has admitted that its 5,640-car ‘Morning Glory’ (built 1978) has been chartered by Malmo of Sweden to store up to 2,500 cars.

This new contract is part of an increasing trend towards car carriers being used as floating car parks to store unwanted vehicles during the economic slowdown.

According to the Financial Times, ports are becoming congested as shipowners with empty capacities now lease out their ships to car manufacturers.