Toepfer’s Multipurpose Shipping Index (TMI) for January 2022 is out.
The multipurpose shipping charter rates for this month stand at 20,875 USD according to the index. That’s a TMI month-on-month increase of 10.02 percent.
The time charter rate levels in all ship sizes keep on climbing and the availability is extremely tight. Meaning that the overall fixture activity is pretty low and many of the few charters fixtures are for forward positions with delivery in six to twelve months, and with long durations. One of the implications of these forward fixtures is that some charterers do not know that they already have lost access to parts of their fleet prior to being able to even discuss an extension of the charter.
Due to the nature of the main cargo types, the MPP market is permanently affected by the performance of adjacent shipping segments, which have a strong direct impact on the supply/demand balance.