New ConTex stable!
(05.07.2019) The charter market developments throughout the different segments did not change much when compared to the last weeks. Again, rates for smaller vessels moved sideways or decreased slightly, while the Baby-Panamaxes continued their positive impulses. The divergent rate movements across the classes offset each other, leaving the New ConTex at 399 points.
For more than 10 weeks now, the index moves in a range between 399 and 402 points. In a month-to-month comparison type 1,100 (-1.0%) and type 2,500 (-0.8%), both basis 12 months period, incurred the biggest declines. Type 3,500 (1.2%) and type 4,250 (5.4%) scored positive results and increased to $8.956 and $9.558 for a period of 12 months. So far, the traditionally calmer summer months had no significant negative impact on the market, and the current situation could continue over the next few weeks.