Toepfer Index Edges Up in August

(Global) Multipurpose Rates Recover

Multipurpose time charter rates have edged up for the second month in August, having slipped to long-term lows in June, according to the latest figures from shipping consultancy Toepfer Transport.

‚ÄčThe average six- to 12-month time charter rate for multipurpose shipping rose slightly to US$6,492 in August, up US$101 from US$6,391 in July.  This compares with a near annual high of US$7,547 in August last year.

Data was published as part of the firm’s Multipurpose Shipping Report, a monthly index that is 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 MPP/Heavylift Market.
Subscribe to BreakbulkONE and receive more industry stories and updates around impact of COVID-19.