New ConTex still upswinging....!
(9.2.2018) In the pre-Chinese New Year week the New ConTex has been stepping sideways respectively with a very moderate upward trend.
Considering however an idle fleet staying well below 2 percent overall and a firming of the box rates which have, as per Shanghai Freight Index, increased more than 20 percent since early December, 2017 the sentiment remaining still fairly positiv and should continue after the Chinese New Year Celebrations.
The New ConTex stepped up another 3 points and stands at 432 which is now 43% more on a year-on-year basis. All the component rates were marked at least marginally higher with only one exception of the 2500 TEU size which lost 0,2% basis 12 month respectively stayed at same rate basis 24 month. The biggest winner in this week was again the 4250 TEU size with another 2% increase basis 12 month and 1,3% basis 24 month.