New ConTex + 2
(09.05.2018) In quiet trading conditions (with so many public holidays around the Globe) the New ConTex Index managed a two point rise to stand at 509.
Apart from some slight weakness in the smaller feeders (1100 TEUs and 1700 TEUs) all the other sizes tracked by the Index posted gains: the classical 4250 TEU panamaxes powered ahead, making a further 1.4% since last week (basis 12 months). The 3500 TEUs were not far behind, gaining 1.2% since last week (basis both 12 and 24 months). The other ship sizes were marked up generally between 0.4 and 1.0% since last week.
With further public holidays this week trading conditions are likely to be calm, with hopefully a return to full speed ahead next week.