Toepfer: MPP Rates Slip Further

(Global) February falls below one-year low

Multipurpose time charter rates have fallen further in February, from a one-year low in January, according to the latest research by shipping consultancy Toepfer Transport.

 ​The firm’s Multipurpose Shipping Report index suggests a decline in the average six- to 12-month time charter rate, falling from US$7,393 per day in January to US$7.385 in February. ​

The index 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.