ShippingWatch

Red-hot container market pushes multipurpose rates to pre-Covid levels

Multipurpose carriers currently benefit from the fact that several customers from the red-hot container market have opted to use multipurpose vessels to transport their cargoes, shows report.

Photo: AAL Shipping

The earnings party within container shipping, in which sky-high demand has sucked all available capacity and empty containers out of the market for nearly a year, has now started rubbing off on rates in the multipurpose segment, MPP.

Since time charter rates in the segment bottomed out in June last year, they have only known one way and that is up, reveals a new MPP report from German multipurpose specialist Toepfer, which also publishes the TMI index.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Growth prompts OSM to send 150 managers on a leadership course

An equal approach to management and a desire to be more aligned are some of the reasons why OSM is sending both top and mid-level managers on a custom-made leadership course. ShippingWatch has spoken to OSM’s new chief culture officer about the initiative.

MSC, Lufthansa mull acquiring Italian state aviation firm

The world’s largest container line, MSC, and German aviation company Lufthansa have offered to take over Italian state airline ITA, the former Alitalia. MSC and Lufthansa have requested a 90-day exclusivity period to closely examine ITA.

Further reading

Related articles

Latest news

See all jobs