MPP rates are still soaring, but economic recession looms ahead
Rates for multipurpose vessels are historically high, according to Toepfer’s rate index for July, but expectations of a global recession may weaken the market. Large investments in sustainable energy are, however, a silver lining for MPP players.
by JENS THOMSEN
After a small decline in May, rates for multipurpose ships are again increasing slightly, but the risk of a global recession prompts reluctance within the sector, according to Toepfer’s MPP index for July.
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