Quarter 3 – 2021
A bullish outlook is driving sentiment positively upwards. A combination of rising cargo demand in the break bulk sector together with continued disruption in the container markets is combining to shorten MPP tonnage supply to its core markets and exacerbate an already unprecedented situation.
Respondents to the Market Sentiment Index Edition #2 unanimously agree that the party is destined to continue long into the year and probably into next. And as tonnage becomes harder to obtain and freight rates inevitably rise, charterers will endeavour to lock in tonnage further into the future. The spot market is in all practical senses currently moribund.
The Market Sentiment Index: