New ConTex lost again, moderately

(1.11.2018) This week, the New ConTex dropped by 7 points. Although the index is rapidly moving south, the pace of reduction slowed down compared to last week. While Type 2,500 (-2,1%) and Type 3,500 (-2,1%) acquired the strongest decreases, all other vessel types fell more moderately by between 0,7% and 2,0%.

On a year-to-year comparison, all except the 1,100 TEU class remain above last years levels. Hopefully this will not continue to melt away throughout the next weeks. Increasing demolition activity in the container segment (during October 19 vessels with a capacity of over 36,000 TEU left the market) could be observed supporting the market to be working towards a balance.