Time charter rates for multipurpose vessels have recovered slightly this month, according to the latest data from shipping consultancy Toepfer Transport.

​The Toepfer Multipurpose Shipping Report index had plunged from a yearly high of US$7,578 in November last year to just US$6,381 in June, but edged back upwards in July with the average six- to 12-month time charter rate reaching US$6,391 at latest.

The index is based on a 12,500 deadweight-tonne multipurpose /heavy-lift F-Type vessel for a six to 12-month charter period.

Headquartered in Hamburg, Germany, Toepfer Transport is one of the largest S&P brokers in the city and its research department has a particular focus on the multipurpose/heavy-lift vessel market.
 

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