Drewry Multipurpose Time Charter Index Continues to Decline

Multipurpose Time Charter Index – Dec 22

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.

The Drewry Multipurpose Time Charter Index continued to decline over November, reaching $9,950pd. This was slightly above our forecast and some 0.7% below October.

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