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
Capacity constrains in the multipurpose vessel (MPV) capacity have kept the spot market demand high but the forward projection for both container and bulk markets started to weaken. As a result, shipping consultancy Drewry noted...Read more
The orderbook for new multipurpose vessels, which include breakbulk and project cargo ships are again lagging behind the dry bulk and containership. The MPV newbuild orders are not expected to reach pre-Covid levels this year...Read more
ShippingDrewry’s Multipurpose Time Charter Index increased to USD 8,339 per day in May, representing a rise of 4.3% compared to the 2.5% rise seen in the previous month. The index is up 28% since the...Read more
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
Hopes of a dry bulk recovery have diminished now that day rates for Kamsarmax and Supramax bulkcarriers have nosedived and declined with as much as 40% since October last year. That could lead to increased...Read more
