New ConTex quite stabile as chartermarket is picking up.....

(20.3.2020) After another Week-on-Week decline across all segments, the new ConTex is back to levels of 12 months ago. While some feeder sizes were even down on Year-on-Year figures, all sizes above 2,700 TEU are still up on 2019 numbers. Regardless of this development, there was plenty of extension activity overall in different areas this week.

In the feeder sizes, demand for 1,700 TEU vessels is picking up in Asia and there is less spot tonnage around, while eco Bangkokmaxes are almost sold out for the time being. Asia is busy with feeders because of port congestions as the side effect of the travel restrictions implemented in some of the Asian countries such as China, Philippines, Malaysia and Indonesia. Nevertheless, the situation in the Far East is normalising by the week, while there is some uncertainty rising in the western Hemisphere. There are numerous port across the Continent and Mediterranean area, which have imposed restrictions on vessels calling said ports.