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Toepfer Multipurpose Index Dips in February

[ February 7, 2025   //   ]

Hamburg-based shipbroker Toepfer Transport said its Multipurpose Index in February dipped below US$13,000 per day, for the first time since July 2024.
According to Toepfer Transport said the February result dipped 2.5 percent from its January level, at US$12,913 per day. However, the February result is 10.5 percent above what the index reported in February 2024.
Toepfer Transport’s research team said it anticipates the index improving 2.39 percent over the next six months, while the February 2026 index value is expected to be 3.94 percent above the February 2025 level.
“The TMI Index rate, as well as the still generally positive sentiment of market participants, is slightly lower than last month,” Toepfer Transport said. “This movement is related to lower market activity in the Far East due to the Chinese Lunar New Year celebrations and, of course, some uncertainty caused by statements and decisions made by the new US administration, including the introduction (and consequent suspension) of import tariffs, the (supposedly temporary) halt to offshore wind development and the ambition to take over countries or parts of them (Greenland, Canada, Panama Canal, Gaza).”
Newbuild price indicators for the 9,000 dwt, 12,500 dwt and 30,000 dwt units have remained at the same level for the third month in a row.
However, as Toepfer Transport reports, the second-hand MPP market has shown improvements. Price indicators for the 9,000 dwt, 12,500 dwt and 30,000 dwt vessels went up from US$11 million, US$15.5 million and IS$19.75 million, respectively, in January to US$11.5 million, US$16.25 million and US$22.5 million, respectively, in February.

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