The latest report from shipbroker Toepfer Transport indicates that time charter rates in the multipurpose shipping sector are starting to level out.
The average daily time charter rate for a 12,500 dwt/F-type heavy lift vessel decreased by USD60 in June 2020 compared to May 2020, standing at USD6,381.
In February 2020, the pandemic was still in the early phases and time charter rates stood at USD7,415. In the following months there was a steep decline, falling to USD6,441 in May 2020.
For a year-on-year comparison, rates in June 2019 stood at USD7,529.