Multipurpose rates tripled in one year

Global demand on the multipurpose market has sent rates soaring, with day rates having tripled in a single year, writes Toepfer. It’s uncertain what effect the Ukraine war will have.
Photo: AAL Shipping
Photo: AAL Shipping

Special cargo and multipurpose (MPP) vessels continue the trend seen last year, when the market rode a wave of global demand sending rates skywards.

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