Press releases

(19.2.2021) #shipbrokersdoitbetter #keepshippingweird
842 points!!!!! And no end in sight!!!!

(5.2.2021) #shipbrokersdoitbetter #keepshippingweird
796 points!!!! For the first time since August 2008!!!!!!!

(28.01.2021) Continued high demand for any ship size has led the rate increases to filter down all the way to the smallest New ConTex segment of 1100 TEU which enjoyed the largest percentage increase of all sizes during the last month. Although the New ConTex for this size is still in the USD low/mid 9 thousand levels, standard 1100 TEU ships have broken the five digit mark for more "expensive" trades such as the Caribbean or intra-West Africa feeder already.As vessel availability in the near future remains low and container spot freight rates continue at record levels there is reason for further optimism at the moment.Container freight rates have even reached such levels that sub 3000 TEU ships are being sent on Far East to Europe or Transpacific roundvoyages, despite the high slot costs those vessels incur compared to the industry standard 18,000+ or 10,000+ TEU vessels.Container fitted multipurpose ships also remain an option some operators or even freight forwarders have chosen, although these ships prove to be operationally cumbersome, with lots of time spent on lashings and lower service speeds compared to true container ships.At todays levels, most owners are also trying to gain some security by pressing for longer periods of at least 12 months. The New ConTex figures illustrate this with "discounts" of roughly 10% for the two over the one year periods. Very short charter periods of just a few months nowadays often even come with high premiums of up to 50% compared to the rate for a one-year charter.

 

 

737 points (1,5%)

Awesome, +57% y-o-y! Thank you, Santa.

 

(27.11.2020) The New ConTex shows no signs of stopping with another 2.8% gain compared to last week and all sizes registering increases. The Index is now at it´s highest point since July 2011(!).

 

Further 6,6% - Keep shipping weird!

(5.11.2020) In spite of recent developments in most of Europe where the much-anticipated second wave of Coronavirus has caused another temporary shut-down - fortunately this time not affecting manufacturing or construction - in many countries, together with the current political uncertainties in the United States, the Container Market continues to rise.

New ConTex + 6,7% in just one week! Awesome!

(01.10.2020) The container charter market continued to rise further backed by limited tonnage supply, very high freight rates and thus still healthy demand by the Liners.

Owners are pushing for longer periods whenever possible and Charterers are so far resisting the commitment by paying up for shorter periods which is driving the market further.
This is also illustrated by the shrinking spreads between the New ConTex rates for the quoted periods of e.g. 12 or 24 months.

In fact the 4250 TEU cluster is now the only one rated higher for 12 months than the 24 months. Especially larger ships remain predominantly in demand which is what the New ConTex is also showing. The larger the ship, the higher the valuation increase.