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MPP Charter Rates On The Up

Charter rates for multipurpose vessels continue on an upward course into the new year having reached the USD 7,000 mark for the first time since early 2020.

The average day rate for a 12,500 dwt MPP vessel now sits at USD 7,005, according to Toepfer’s December Multipurpose Shipping Index.

According to Toepfer, there is some cargo demand in sight, with wind power equipment transportation volumes and seagoing shipments set to reach record heights in 2021.

Newbuilding order numbers are still low, but the report confirms one MPP newbuilding order for four bridge forward F-type sized vessels in China.

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