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Dry bulkers on European shortsea routes profit from bottlenecks in freight market

Smaller dry bulk vessels are turning solid profits in Europe, as delays and bottlenecks in the global freight market spill over to shortsea routes, writes Toepfer in an update on the rate index for smaller vessels.

Photo: Jens B'ttner/AP/Ritzau Scanpix

Coasters and other smaller dry bulk vessels operating shortsea routes in Europe are raking in money as a result of the chaotic situation in the global freight market.

According to shipbroker Toepfer, daily rates rose steadily for smaller vessel operating shortsea routes in Europe from August to September.

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