Charter rates rise above USD 10,000

The charter rates continue their upward trend and have now broken through the 10,000-dollar barrier. While the rates are up 61 per cent year-on-year, shipping broker Toepfer Transport says the current levels do not represent record earnings but merely levels at which...
Charter rates continue to shoot up sharply

Charter rates continue to shoot up sharply

Demand for multipurpose vessels is booming. The charter rates have shot up by 7.6 per cent month on month to USD 8902 on average, shows Toepfer’s Multipurpose Shipping Index. That is nearly eighteen per cent more than this time last year.  ‘The demand for cargo...