An astonishing two-year rally that has lifted the multipurpose (MPP) markets to new heights is finally losing steam.
But while charter rates and secondhand values start to taper off, analysts believe the dearth of newbuilding orders bodes well for the long-term health of the sector.
Charter rates for MPP vessels appear to have plateaued after what has been an astronomical run in the 22 months since the start of the Covid-19 pandemic.
