Drewry: charter rates won’t recover until end of 2021
Charter rates for multipurpose ships are not expected to recover back to pre-Covid-19 levels until the end of 2021, with the recovery anticipated to take even longer if the global pandemic is not contained, says...Read moreCharter 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 moreDecline 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
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 moreDecline 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
Charter rates for multipurpose vessels remain stable so far
Despite the coronavirus, a very low Baltic Dry Index and problems at Zeamarine, charter rates for multipurpose and heavy-lift vessels so far seem to remain stable, according to Toepfer’s Multipurpose Shipping Index. Toepfer’s Multipurpose Index measures...Read more
Zeamarine in serious trouble, calls in restructuring specialist
Zeamarine has gotten into severe financial problems and is rumoured to be losing millions. The company has hired a restructuring specialist to replace co-founder and managing partner Hendrik Jan Többe as chair of the board. Majority...Read more