The Drewry Multipurpose Time Charter Index is slightly below our forecasted value for March of $8,853 pd, and it is now at $8,845 pd. The past month has seen little movement in the TC rates for the various sizes categories, leading to a small negligible increase.

Source: Drewry Multipurpose Forecaster

Drewry’s latest assessment (including April forecast)

The expectation is for the index remain around this level in April, with the possibility of a small increase. Drewry’s Multipurpose Time Charter Index is expected to increase by 0.1% in April, reaching $8,850pd. This would be 2.3% below the April 2023 figure.

About Multipurpose Time Charter Index

Drewry’s Multipurpose Time Charter Index is a (fleet) weighted average of the dayrates of three vessel size bands: 5-7.5 k dwt, 10-15 k dwt and 15-20 k dwt