According to the latest report from shipbroker Toepfer Transport, time charter rates in the multipurpose shipping sector continue to trend upwards.

December figures from Toepfer state that the average daily time charter rate for a 12,500 dwt/F-type heavy lift stands at USD6,931, up from USD6,725 a month earlier.

Since June 2020, the daily time charter rates have inched upwards but they remain lower than the same period of 2019; Toepfer’s average time charter rate in December 2019 stood at USD7,554.