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Drewry monthly report

Multipurpose freight rates up in June

by Port News Editorial Staff

The positive trend for multipurpose vessel freight rates is continuing. The Drewry Multipurpose Time Charter Index, which takes into account one-year charters for Mpp ships of various sizes, including breakbulkers  and project cargo carriers, in fact recorded a 1.2% monthly increase in June, with daily rates at $9.165 with  an additional 0.4% growth to $9.201/day forecasted for July.

If the forecasts for July turn out to be true, the index would be 5.9% higher than  the same month last year.

Translation by Giles Foster

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