Project market continues to prop up multipurpose charter rates, although Drewry’s Multipurpose Time Charter Index continued its slight decline in June. The consultancy said in its report that the decline was in line with its...Read more
Over the month of March 2023, Drewry Multipurpose Charter Index slipped as expected with container carriers returning as competitors for breakbulk cargoes, putting more pressure on the multipurpose vessel rates. Read more
The Drewry Multipurpose Time Charter Index remained relatively flat in January, with the sector settling into a slower decline. Analysts at the research and consulting services provider to the maritime and shipping industry expect the...Read more
The global fleet of multi-purpose (MPP) vessels is shrinking, as demand for offshore work is increasing rapidly. Serious bottlenecks are to be expected in Europe by 2030.Read more
Charter rates in the multipurpose sector are continuing to decline as reflected by the latest figures in the Drewry Multipurpose Time Charter Index. The Index slipped again in November, reaching $9,950/day, the consultancy said in...Read more
Spot market steadied over October which reflected in the Drewry Multipurpose Time Charter Index that slipped again, although slower compared to the previous month. The consultancy noted that its multipurpose index stoped just above the...Read more
Spot rates in the container and bulk sectors have slipped sharply over the month of September, even more than predicted by the maritime consultancy Drewry. The Drewry Multipurpose Time Charter Index slipped to an average...Read more
Over the month of August, Drewry Multipurpose Time Charter Index continued the decline over August, albeit at a faster rate than expected. The index averaged $10,650 per day over the month, a drop of 2.5 percent...Read more
The downward trajectory of the Drewry Multipurpose Time Charter Index continued in July, and the weakening trend is not expected to stop any time soon. Read more
Charter rates for the multipurpose vessels fleet have continued to edge down with the shipping consultancy Drewry expecting the slow, gradual drop to continue in July. Read more
Charter rates for the multipurpose vessels fleet has continued its downwards path in the month of May, after remaining flat in April due to Covid lockdowns in China. According to the shipping consultancy, Drewry, the...Read more
Charter rater for the multipurpose vessels remained flat during the month of April, as new Covid lockdowns in China stopped the downwards trajectory. However, shipping consultancy, Drewry, expects its Multipurpose Time Charter Index to slip...Read more
Daily rates rise for the multipurpose vessels have started petering out, with the shipping consultancy Drewry expecting the downward trend to continue further into April. Read more
Multipurpose vessels (MPVs) could continue to be used to alleviate the supply shortages in the container sector well into 2022, according to the shipping consultancy Drewry. Breakbulk cargoes are also expected to continue seeking available...Read more
Both container and bulk sectors experience weaker growth over the month of November with both sectors reporting spot rates dropping from record highs. This was the major contributor to Drewry Multipurpose Time Charter Index (MPV...Read more
The Drewry Multipurpose Time Charter Index (MPV Index) jumped almost 7 percent in August, beating the shipping consultancy’s forecast of a slower rise. To remind, the shipping consultancy Drewry expected the index to edge up...Read more