Toepfer’s Multipurpose Shipping Index (TMI) for June 2022 is out.
The multipurpose shipping charter rates for this month stand at USD 22,760 according to the index. That’s a month-on-month increase of 0.81 pct
Although rising bunker prices are putting pressure on vessels operational cost, the MPP period time charter rates remain solid on high level with a minor plus compared with last month amid unbroken demand for tonnage and improved market confidence.
Activity on the newbuilding market has slowed down. Reasons for this may be the continuing war in the Ukraine and very high energy prices.
Another reason is the weak performance of the Euro which makes USD investments of European shipowners less attractive. Due to high material cost, newbuilding prices are continuing to rise and profit margins for the yards remain slim. We are not expecting newbuilding prices to weaken in the intermediate future.