Latest news from Heavy Lift & Project Forwarding International Magazine

Time charter rates fall

Time charter rates in the multipurpose shipping sector slipped further over the last month, according to shipbroker Toepfer Transport.

The average daily time charter rate for a 12,500 dwt/F-type heavy lift vessel stands at USD6,441 for May 2020, a drop of USD395 compared to April 2020’s rate of USD6,836.

For a year-on-year comparison, rates in May 2019 stood at USD7,524.

www.toepfer-transport.com

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