New ConTex + 20.9% compared to last year


(19.05.2017) The New ConTex index has remained unchanged at 410 points since last week, with most segments remaining fairly flat week on week. Despite this lackluster performance, the index has not been at this level since October 2015. The 1,100 TEU charter rates were on the decline last week, falling $28 to $6,616 week on week. Significantly, while there has been a month on month increase for the 1,100 TEU segment, rates remain comparatively low to a year ago.  Vessel segments between 1,700 TEU and 2,700 TEU could achieve slight improvements in their individual sub-indices, increasing on average around 0.5% week on week. Again, looking back to last year, from the 2500 TEU and larger, the segments have fared well, increasing between 37-51% year on year. After impressive increases in April, the classical Panamax, 4,250 TEU index was again the largest loser this week, losing 1.6% in the week-on-week, to stand at $11,187 today.