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MPP Spot Market Short of Available Tonnage

Toepfer’s Multipurpose Shipping Index (TMI) for August 2021 is out.

The multipurpose shipping charter rates for this month stand at USD 12,435 according to the index. That’s a TMI year-on-year increase of 91.53 percent and a month-on-month increase of 10.78 percent.

According to Toepfer, “The summer holiday season did not slow down the increase of charter rates. Demand remains strong and the spot market is short of available tonnage.”

The graph covers the development over the past 12 months.

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