The current Drewry Multipurpose Time Charter Index sits at $8,701 pd, exceeding our projected October value of $8,669 pd. We anticipate the index to hover around this level with minor fluctuations as the year concludes.
Latest Assessment
Drewry’s Latest Assessment (including December forecast):
- Now in the final month of 2023, a slight increase is expected as charterers aim to cover the holiday period for some MPV categories.
- Drewry’s Multipurpose Time Charter Index is expected to increase by 0.4% in December, reaching $8,734pd.
- This would result in a decline of 15.7% since December 2022.
About Multipurpose Time Charter Index
Drewry’s Multipurpose Time Charter Index is a (fleet) weighted average of the day rates of three vessel size bands: 5-7.5 k dwt, 10-15 k dwt and 15-20 k dwt
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Source: Drewry
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