Topic: Charter rates

Charter rates continue to shoot up sharply

Demand for multipurpose vessels is booming. The charter rates have shot up by 7.6% month on month to USD 8,902 on average, shows Toepfer’s Multipurpose Shipping Index. That is nearly 18% more than this time last...Read more
|Comment|author: Tobias Pieffers

Drewry: charter rates will continue upward trend

Drewry’s Multipurpose Time Charter Index confirms that MPV-operators are experiencing an upward trend in charter rates to beyond pre-pandemic levels. The conditions are expected to at least last as long as the disruptions in the...Read more
|Comment|author: Tobias Pieffers

Charter rates exceed pre-pandemic level

Almost exactly one year after the Covid-19 pandemic hit Europe, the charter rates for multipurpose and heavy-lift vessels are back at their pre-pandemic level and even passed it. The average day rate for a geared...Read more
|Comment|author: Tobias Pieffers

Charter rates pass USD 7,000 mark

The charter rates for multipurpose vessels continue their positive trend into the new year and have broken through the USD 7,000 mark. The average day rate for 12,500 dwt MPP vessel now stands at USD...Read more
|Comment|author: Tobias Pieffers

Recovery of charter rates gains momentum

The recovery of the charter rates is gaining momentum. The average charter rate for a 12,500 dwt multipurpose vessel in December increased by 202 dollars compared to last month. That is a significantly bigger increase...Read more
|Comment|author: Tobias Pieffers

Charter rates keep rising

Charter rates for multipurpose vessels keep rising bit by bit since the sudden fall at the beginning of the year. Day rates increased by 114 dollars to USD 6,729 this month, Toepfer’s multipurpose shipping index...Read more
|Comment|author: Tobias Pieffers

Charter rates continue upward trend

The charter rates for multipurpose vessels continue to crawl back up from the low levels of June and July this year. Toepfer’s Multipurpose Shipping Index for October shows an increase of 70 dollars to an...Read more
|Comment|author: Tobias Pieffers

Charter rates claw back slowly

The charter rates for multipurpose vessels keep slowly improving from their downfall earlier this year. In the latest edition of Toepfer’s Multipurpose Shipping Index, the average day rate for a 12,500 dwt geared vessel now...Read more
|Comment|author: Tobias Pieffers

Charter rates bounce back a little

The charter rates for multipurpose vessels have bounced back a little, shows Toepfer Multipurpose Shipping Index. Rates increased slightly in August to USD 6,492 per day for a 12,500 dwt geared vessel.Read more
|Comment|author: Tobias Pieffers

Charter rates have bottomed out

The charter rates for multipurpose vessels have bottomed out. Toepfer’s Multipurpose Shipping Index for July shows the rates bouncing back a notch to 6,391 dollars per day for a 12,500 dwt geared vessel. Read more
|Comment|author: Tobias Pieffers

Decline in charter rates starts to slow

Average charter rates kept falling in the past month but the decline has significantly slowed in pace. In June, the average day rate for a 12,500 dwt multipurpose vessel fell by 60 dollars compared to...Read more
|Comment|author: Tobias Pieffers

Charter rates keep falling

Daily charter rates for multipurpose vessels keep falling as a result of lower demand caused by the coronavirus. Rates have already fallen by 13% since the beginning of 2020 and the pace of the decline...Read more
|1 comment|author: Tobias Pieffers

Decline in charter rates doubles in pace

The decline in charter rates for multipurpose vessels is accelerating. The average charter rate for a 12,500 dwt multipurpose vessel currently stands at USD 6,863, 5% lower than in March 2020.  Charter rates are falling as...Read more
|Comment|author: Tobias Pieffers