Press releases

(24.07.2020) The recovery of the New ConTex accelerated this week with a gain of 6 points, after improving 5, 4 and 3 points in the weeks before. The increase was mainly driven by the larger ships of 3500 TEU and larger which registered solid gains. Although all segments were positive the smallest vessels just barely registered any improvement. Activity in Asia, the Americas, and Northern Europe was good whereas in the Mediterranean the summer holiday season is starting to being felt. Southern Europe and Northern Africa though has generally been difficult this year, especially for ships between 1200 and 2000 TEU. As a consequence, for example 10 x 1700 TEU have so far positioned from Europe to the East of Suez in 2020 already.

 

 

(01.06.2020) Crew change is permitted but subject to prior approval by local immigration authority (Bundespolizei/Wasserschutzpolizei). The authorities have to be informed in advance. On/Off signing arrangements at German ports are only possible if the flight data or transit is secured/ guaranteed and the plans are approved by the immigration authority. Permission for Entry/Immigration will only be granted for seafarers, who show no symptoms of COVID-19, e.g. coughing. If there are any medical symptoms, necessary testings have to be done before crossing the border. Entering to test seafarers in Germany is not allowed. “Visas on Arrival” can be granted, e.g. at the Airport. Immigration authorities have to be informed in advance. But to avoid any problems it is recommended to submit the applications to the embassies in good time. Shore leaves are only permitted for German citizens. Overnight stays are generally not permitted in general. Exemptions are possible, e.g. a vessel is delayed, but subject to approval. According to the immigration authorities (Bundespolizei), overnight stays in combination with medical testings are not permitted. 

(01.06.2020) Crew change is permitted but subject to prior approval by local immigration authority (Bundespolizei/Wasserschutzpolizei). The authorities have to be informed in advance. On/Off signing arrangements at German ports are only possible if the flight data or transit is secured/ guaranteed and the plans are approved by the immigration authority. Permission for Entry/Immigration will only be granted for seafarers, who show no symptoms of COVID-19, e.g. coughing. If there are any medical symptoms, necessary testings have to be done before crossing the border. Entering to test seafarers in Germany is not allowed. “Visas on Arrival” can be granted, e.g. at the Airport. Immigration authorities have to be informed in advance. But to avoid any problems it is recommended to submit the applications to the embassies in good time. Shore leaves are only permitted for German citizens. Overnight stays are generally not permitted in general. Exemptions are possible, e.g. a vessel is delayed, but subject to approval. According to the immigration authorities (Bundespolizei), overnight stays in combination with medical testings are not permitted. 

(20.5.2020) As no index will be published on Thursday owing to the public holiday, we have only one set of figures on which to comment this week. The Container Market continues its steady decline with the New ConTex Index shedding a further 4 points yesterday to stand at 336 (10 points lower than at this point last week). The short term challenges for the industry are plain tosee with all the component rates being marked down, some significantly so. The larger ships are experiencing the heaviest falls which continues the trend of recent weeks. Notably the 4250 TEUs dropping 6% (basis 12 months employment) over the week and the 6500 TEUs falling by an even larger 6.9%.

 

 

 

(20.3.2020) After another Week-on-Week decline across all segments, the new ConTex is back to levels of 12 months ago. While some feeder sizes were even down on Year-on-Year figures, all sizes above 2,700 TEU are still up on 2019 numbers. Regardless of this development, there was plenty of extension activity overall in different areas this week.

In the feeder sizes, demand for 1,700 TEU vessels is picking up in Asia and there is less spot tonnage around, while eco Bangkokmaxes are almost sold out for the time being. Asia is busy with feeders because of port congestions as the side effect of the travel restrictions implemented in some of the Asian countries such as China, Philippines, Malaysia and Indonesia. Nevertheless, the situation in the Far East is normalising by the week, while there is some uncertainty rising in the western Hemisphere. There are numerous port across the Continent and Mediterranean area, which have imposed restrictions on vessels calling said ports.

(21.2.2020) The Coronavirus problem may be "contained" for now but the effect it is having on the Container Market cannot be ignored. Volumes are clearly down and the operators are having to make significant adjustments. A number of sailings have been cancelled and land transport together with the backing-up of containers in the ports are causing major logistical headaches. No doubt when the crisis
fades away there will presumably quite a sharp recovery but, for now, the market is proving quite a challenge to many.

The previously announced changes to the composition of the New ConTex Index have now taken effect: 5700 and 6500 TEU ships are now included, charter periods of 6 months are additionally monitored for 1100 and 1700 TEU ships whilst the 2500, 2700, 3500 and 4250 TEUs are all now being assessed additionally for 12 months terms.

It comes as little surprise to note the New ConTex Index falling 7 points since last week, the Index now stands at 408. All the component rates have been marked lower this week with the exception of the 5700 TEUs which recorded a modest 0.2% increase. The largest decreases were recorded in the 3500-4250 TEU range, particularly so with the 4250 TEUs based on 24 months employment which registered a hefty 3.5% fall, symptomatic of the uncertainty in the market at the moment.

(21.02.2020) The previously announced changes to the composition of the New ConTex Index have now taken effect.

Due to the fact that most of the fixtures are concluded shorter than 12 months, the index shall include short periods only.

Therefore the New ConTex will be based in the future on assessments of charter rates of six selected container ship types: 1,100 teu and 1,700 teu (with a charter period of 6 months) and 2,500, 2700, 3,500 and 4,250 TEU (all with a charter period of 12 months).

Apart from this, the panel brokers of the New ConTex decided to expand the Index environment by adding two further types: 5,700 and 6,500 teu.

(23.1.2020) The situation at the charter market did not change much when compared to last week. Again, the New ConTex decreased by 2 points. Charter rates for feeder vessels with a capacity of 1,100 and 1,700 TEU moved more or less sideways. As fixing activity increased prior to Chinese New Year the 1,100 TEU vessels saw a slight upward movement of 0.2% during this week. However, most operators concluded shorter periods. The evaluation of the 2,700 and 3,500 TEU segments decreased by 0.5% and 0.7% over a period of 12 months, while demand for larger tonnage is still high due to the ongoing scrubber installations.

The demand for more or less all segments is expected to rise when the Chinese New Year festivities are coming to an end and all market participants are back at their desks. 

(20.12.2019) As usual, the activity just before Christmas is lowering and charter hire rates following the trend of the last weeks with a moderate decrease. All size segments are showing on w-o-w as well as on m-o-m basis red prefixes. On average we are talking about minus 0,5% compared to last week, resp. 1,1% less than last month. The contrary is the situation on y-o-y basis: here – with the exception of the 1100 TEU segment, which lost 3,5 % compared to end December 2018, all categories are ending the year 2019 higher compared to their levels one year ago. The Panamax segment is the leader of the list for both evaluated periods (12 and 24 months) with an increase of 36,6% (12) resp. 22,7% (24).  

All after all the New ConTex is ending the year 2019 at 436 points, which is a moderate increase of 24 points with last year December.

(8.11.2019) In another week of relatively quiet trading the New ConTex Index shed two further points and presently stands at 438. The market does seem to have "run out of steam" at the moment. A number of public holidays in various countries last week has no doubt contributed to this recent lethargy.

The smaller feeders are generally holding steady although some weakness was noted in the 1,100 TEUs with the sector being marked down 0.5% on last week. However the principle losses which caused the modest 2 point reduction were in the larger 3,500 and 4,250 TEUs classes with the 24 months rates being marked down 2.1% and 1.4% respectively. The 12 months components were marked down by lesser amounts, 0.4% lower on the previous week's readings in both cases.
Otherwise most sizes are finishing the week with modest increases.