MENU
Search
Login

Maritime Research

Overview

Latest research

Multipurpose Time Charter Index - Feb 21

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include breakbulk and project cargo ships.

Drewry’s latest assessment – February 2021

The Drewry Multipurpose Time Charter Index increased to $6,530 per day in January, representing a rise of 3.8% compared to the previous month. Over the year to January 2021 Drewry’s index is up 1.4%. Drewry expects the index to rise a further 2.2% in February to reach $6,675 per day.

 

Drewry Multipurpose Time Charter Index (US$ per day)

Tracker Chart

Source: Drewry Multipurpose Forecaster

 

Rates continued to rise in all sectors over January fuelled by the capacity problems in the container market. These led to multipurpose vessels being chartered to carry empty containers, for repositioning purposes, plus an increase in breakbulk demand, as these commodities were no longer worth enough to stuff into containers. This increased demand meant that January rates were even stronger than we had been expecting.

 

Going forward we expect this to continue, especially as there is already a market expectation that the usual slowdown for Chinese New Year holidays will not be taking place this year. The steady demand levels across all vessel types underpins our positive expectations for the short-term rate forecast.

.

Related Research: Multipurpose Shipping Sector

For access to the latest charter rates and forecasts across a range of multipurpose vessel types subscribe to Drewry’s Multipurpose Forecaster. Published quarterly it provides 5-year forecasts and market updates for the global Breakbulk and Heavy Lift shipping markets, together with supplementary monthly updates of the latest market developments, including charter rates and asset values.

 

Find out more

23

Market sectors covered

51

Countries with subscribing Maritime Research clients.

132

Leading industry publications feature content from our Maritime Research reports each month (2020 monthly average)

228

New reports and title updates released in the 12 months before December 2020

Latest Maritime Research

The primary source of market insight, analysis and advice, trusted by the global maritime and shipping industry.

Complete coverage

From tankers to dry bulk, containers to ports - we keep a constant watch on the world's maritime markets

Rich heritage

More than 40 years continuously charting and analysing the world's maritime markets

Proudly independent

Our voice is our own and is not defined by others
Multipurpose Forecaster (Annual Subscription)

Multipurpose Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 22 Dec 2020


Written by one of the sector’s leading experts our Multipurpose Forecaster provides an unparalleled depth of market analysis. This subscription package comprise the annual market review together with quarterly sector updates.

Learn more
Container Forecaster (Annual Subscription)

Container Forecaster (Annual Subscription)


Quarterly In-depth Market Forecasts · Latest release 24 Dec 2020


Widely regarded as the go-to reference for the global container industry, this product provides comprehensive market forecasts and analysis for container trade and port volumes, global supply and demand, trade route analysis and much more. All quarterly report updates are accompanied by tables, charts and graphs in MS Excel format.

Learn more

View more