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 required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs