Topic: Multipurpose shipping

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

AAL adds two G-class vessels to its fleet

AAL Shipping is taking delivery of two additional G-class multipurpose vessels, expanding its core fleet to 720,200 total deadweight (dwt). The Pacific Action and AAL Gladstone have both served in the AAL fleet before and...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