Happy New Year!

(23.1.2020) The situation at the charter market did not change much when compared to last week. Again, the New ConTex decreased by 2 points. Charter rates for feeder vessels with a capacity of 1,100 and 1,700 TEU moved more or less sideways. As fixing activity increased prior to Chinese New Year the 1,100 TEU vessels saw a slight upward movement of 0.2% during this week. However, most operators concluded shorter periods. The evaluation of the 2,700 and 3,500 TEU segments decreased by 0.5% and 0.7% over a period of 12 months, while demand for larger tonnage is still high due to the ongoing scrubber installations.

The demand for more or less all segments is expected to rise when the Chinese New Year festivities are coming to an end and all market participants are back at their desks.