New ConTex +2!
(13.9.2019) With another 5 points on top of last week’s results, the New ConTex ends this week at a level of 443 points in total. This further improvement of the index is purely supported by the size segments as from 2500 TEU and above. The w-o-w changes for 1100 TEU with -$13 resp. +$2 for the 1700 TEU segment are precisely the same figures as in the week before.
However, this is also again underlining the present trend, i.e. it is only the bigger size tonnage, which is well demanded and consequently able to achieve enjoyable charter hire rates. Best-in-class is also again the 12 months-evaluation for the 3500 TEU vessels, which gained another 2,9% (equals to USD 311,-) and is now at a rate of USD 11.177,-.
The upward trend of the Baby-Panamax segment remains uninterrupted. With healthy evaluations in the USD mid 14K (for both 12 and 24 months evaluations), this segment stands even stronger on a y-o-y basis.