New ConTex still weak

(19.10.2018) The container market scenario remains unchanged - supply side is rising while demand remain limited. Various segments can see oversupply even from liner companies with sublet positions. The Week-on-Week lost another 9 points and is now down to 467 points.

Looking at the segments most negative outlook has been shown for the segment of 4250 teu with (– 227 USD / 12 mos valuation) compared to last week followed by 1700 teu (-131 USD, basis 6 months valuation), 1100 teu (-101 USD, 6 moths valuation as well). Maybe with the present positive scrapping activity (firm prices, various proposals) on a long run container chartering market get some positive feedback again but time being the spot market remain under pressure and therefore rates as well.