Toepfer Transport’s monthly multipurpose shipping rate update

Toepfer Transport’s multipurpose index continues its steady climb as European activity boosts operators’ confidence in November.

The daily average rate for a 12,500 dwt F-type heavy lift vessel continued its upward trajectory, stopping at USD13,168 for November, rising 1.11 percent month-on-month. Toepfer Transport’s analysts noted a feeling of optimism among MPP operators as many are looking to secure tonnage for the next several months. “This optimism is backed by signs of European activity picking up, after a period of weakness,” Toepfer Transport’s analysts said.

Looking six and 12 months ahead, Toepfer Transport expects the TMI to increase by 1.63 percent and 2.24 percent, respectively.

The TMI-500 index, looking at six- to 12-month time charter forecasts for the F500 vessel type, reached USD17,958 per day. This is a month-on-month increase of 0.99 percent.

This story was originally published by Project Cargo Journal. Read the full story at Project Cargo Journal →