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July 3, 2023

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Page 6 of 55 Spotlight July 3, 2023 | Journal of Commerce 7 rates are forecast to drift lower, they're still set to remain above pre-COVID-19 levels, supported by the project cargo market. Sentiment is also more positive in the longer term, with industry observers predicting a rebound in rates from 2024 onwards due to stronger cargo volumes and tight tonnage supply. Hamburg-based Toepfer Transport said its daily multipur - pose index (TMI) remained stable in June at $14,421, a 0.43% increase over $14,350 in May. The TMI is based on expected aver- age rates for six- to 12-month time charters for 12,500 dwt heavy-lift capable "F-Type" vessels. Drewry painted a similar picture or remain on the scene of an accident involving vehicle or property damage. It's not clear if the traffic citations and Doyle's exit are connected. The MPA confirmed Doyle resigned, but the authority declined to comment on what it referred to as "personnel matters." Brian Miller has been named the MPA's acting director. MPV sector hits summer doldrums The looming summer holiday season in the Northern Hemisphere is expected to add further pressure on the multipurpose vessel sector, depressing chartering activ- ity and weighing on vessel charter rates, according to analysts. But even though 79455 A quarterly research report analyzing domestic intermodal pricing and services. Intermodal Savings Index Toepfer Multipurpose Index expected to remain stable in June Daily rate for a 12,500-dwt MPV HL "F-Type" vessel on a six- to 12-month charter USD per day $20 000 $20,000 $10,000 $20,000 $15,000 $5,000 L L 2019 2020 2021 2022 Rate per day Notes: Toepfer's Multipurpose Index (TMI) is compiled from operators, owners, and brokers Source: Toepfer Transport ©2023 S&P Global Rate per day: Jun, 2023: $14,421 Y-o-Y: -36.6% Jun, 2023 $14,484 $20,000 $20,000 $20,000 $20,000 David Dibert Pexels

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