Time charter rates for MPP vessels available immediately or in a few weeks’ time have surpassed the peak levels of 2008, the Hamburg-based broker Toepfer Transport said in its latest briefing. The MPP market is...Read more
Shippers and forwarders have been pushed more towards booking cargoes well in advance as the demand for vessels and lack of available tonnage persist in the market. Read more
The charter rates for shortsea vessels in the European shortsea market have improved dramatically over the past six months, the new Shortsea Index of German shipbroker Toepfer Transport shows. The rates have increased by more...Read more
The charter rates for multipurpose vessels keep skyrocketing and have gained further momentum. Day rates jumped by more than 10% month-on-month and now almost exceed the USD 9,000 barrier. Read more
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
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
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
Multipurpose and project carriers can pour an extra glass of champagne on New Year’s Eve as the outlook for 2020 is positive, according to shipbroker Toepfer Transport. “There’s good news on the demand side as...Read more
The fragile global economy has weakened the outlook for the multipurpose shipping industry but despite the challenges and uncertainties, the market is still expected to grow by 2% annually until the end of 2021, forecasts...Read more
