News / Flush MPV sector looks for new cargo as carriers re-absorb overspill boxes

The Multipurpose (MPP) time-charter index has dropped slightly for the first time since the beginning of the pandemic, evidence that containers on deck, a bonanza for the segment since 2020, has been showing signs of correction since April.

Starting Q220, the breakbulk, MPP and heavylift sectors were rescued from the pre-pandemic doldrums by spillover capacity from the container segment.

Many were hired in private charters to carry boxes on deck and the MPP time charter index has doubled since this began. But ...