ShippingWatch

Multipurpose rates continue to grow

Rates on multipurpose vessels continue their upswing, and even the coming Christmas and New Year's period will not curb their skyrocketing significantly, according to Toepfer. High demand and lack of tonnage drive developments.

Photo: Ted S. Warren/AP/Ritzau Scanpix

Multipurpose (MPP) shipping companies are living through some golden days in a market with high demand and lack of ships, shows Toepfer's December index on multipurpose rates.

According to Toepfer, the average day rate for MPP vessels has increased to USD 18,973, up from USD 17,407 in November.

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