The larger the ship, the higher the valuation increase.
(01.10.2020) The container charter market continued to rise further backed by limited tonnage supply, very high freight rates and thus still healthy demand by the Liners.
Owners are pushing for longer periods whenever possible and Charterers are so far resisting the commitment by paying up for shorter periods which is driving the market further.
This is also illustrated by the shrinking spreads between the New ConTex rates for the quoted periods of e.g. 12 or 24 months.
In fact the 4250 TEU cluster is now the only one rated higher for 12 months than the 24 months. Especially larger ships remain predominantly in demand which is what the New ConTex is also showing. The larger the ship, the higher the valuation increase.