According to Toepfer’s latest Multipurpose index, the market is making a slow recovery from the Covid-19 related downturn.
Toepfer predicts that this slow level of recovery will continue over the next few months.
Their latest report also concludes as predicted that newbuilding orders are falling and consequently shipping yards are becoming more flexible with pricing and open to negotiations. No MPP newbuildings have been reported.
Sale and Purchase transactions don’t seem to have been affected by Covid-19, with high activity indicating stronger markets in the future.