(Global) Charter Rate Falls Below US$7,000
Multipurpose time charter rates have fallen sharply in April, plunging below the US$7,000 mark, 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 to US$6,863 per day in April compared to US$7,610 in the same period last year.
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 multipurpose, heavy-lift market.