New ConTex didn´t move

(20.5.16) The New ConTex continues its current trend, with very few changes compared to last weeks, mostly displaying a slight downward tendency. Looking at the different segments, the sizes around 3500 and 4250 TEU remain the most under pressure.

In the meantime, the smaller sizes, especially around 1100 and 1700 TEU, benefit from premiums of around USD 1000 for Mediterranean or Caribbean trading, compared to fixtures in Asia. Compared to last month, this segment even shows a slight increase, reaching respectively USD 7315 and USD 7475.

All in all, it has been rather stable for a few weeks, having reached a level on the daily charter rates. The outlook for the remaining year could be gloomy for the bigger sizes, as they must prepare to see neo Panamax tonnage entering the market, following the opening of the new Panama Canal locks.