Nov 05 | 2020
(Global) Topefer Index at Highest Since June
Time charter rates for multipurpose shipping have continued to recover in November, according to the latest figures from consultancy Toepfer Transport.
Rates reached US$6,729 in November on an average six- to 12-month time charter basis, marking the sixth straight month of increases. Rates remain well below the yearly high of US$7,578 in November 2019.
The firm’s Multipurpose Shipping Report is published monthly and provides an index based on a 12,500 deadweight-tonne multipurpose /heavy-lift F-Type vessel for a six to 12-month charter period.
Headquartered in Hamburg, Germany, Toepfer Transport is one of the largest S&P brokers in the city and its research department has a particular focus on the MPV/heavy-lift Market.
Subscribe to BreakbulkONE and receive more industry stories and updates around impact of COVID-19.