Toepfer’s Multipurpose Shipping Index (TMI) for July 2021 is out.
The multipurpose shipping charter rates for this month stand at USD 11,225 according to the index. That’s a TMI year-on-year increase of 75.64 percent and a month-on-month increase of 9.14 percent. (5% less of an increase than last month).
According to Toepfer, “the ageing fleet, a historically low order book and the upcoming regulatory and environmental requirements impose high pressure on both the supply and the demand side of the MPP segment and will be the guiding theme of the next months. We believe that the high charter rates and the correspondent asset prices will remain for a few more months.”
The graph covers the development over the past 12 months.
“Disclaimer: “Breakbulk News & Media BV (Breakbulk.News) assumes no responsibility or liability for any errors or omissions in the content of articles published. The information and or article contained in these articles is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness…”