Pressemitteilungen

(10.11.2017) The "69. Eisbeinessen" event has been successfully passed and we are entering now the dark season of the year. In the first week of November, the New ConTex had to accept crossing the level of 400 points again and is now evaluated at 398. This momentum is strongly supported by the negative trend of the Panamax rates, which are now 7,8% lower (m-o-m basis) for the 24 mos evaluation, resp. even 11,2% lower (m-o-m basis) for the 12 mos evaluation.
One exemption in the rate development is represented by the 12 mos evaluation of the 1700 TEU class. Contrary to all other evaluations these ships are earning on a w-o-w basis even 0,7% (USD 61,-) compared to what has been evaluated during the Eisbein week. For this particular segment, quite some demand has been seen recently, which is in particular trading areas also reflected in the rates achieved whilst fixing. A good part of the tonnage still becoming available during the balance of 2017 will likely be extended, i.e. it might be the case that we see further recovery at least in this class.

(3.11.2017) The New ConTex Index lost one point over the week to stand at 400. Although it is the "classical" panamaxes (4250 TEUs) which continue to be the chief cause of this decline, there seem to be some weaknesses developing elsewhere.

In fact all the component rates lost ground with the exception of the 2700 TEUs sector which managed a 0.5% gain on the week (basis 12 months) but only a barely detectable US$ 5 increase basis 24 months. As for those sectors which registered losses, it was a mixed picture with the geared 1100 TEUs and 2500 TEUs facing more challenging times again.

Given the public holidays around the globe this week and the annual Eisbeinessen in Hamburg, Owners should not be too alarmed at this stage; the next few weeks will be more important in judging what strength the market is in as we head towards the end of the year.

Happy Eisbein!!!
 

(27.10.2017) The New ConTex overall did not move compared to past 4 weeks but this is mainly due to adjustments of different segments and does not mean that there were no variations in the individual segments.

As seen recently the segments of 3500 TEU and above are facing a downturn especially the 4250 due to insufficient demand and spot positions that are piling up mainly in Asia where majority of the ships are concentrated, now the index is at USD 8,157 for 12 months down by USD 839 a month ago.

In the feeder segments the healthiest one seems to be the 1700 TEU which was pushed up by geared ships (although historically gls vsls had always achieved better rates in Asia) whom demand has increased amongst other factors due to the situation in Chittagong. For this size however also the Atlantic is well balanced and the index is showing a general positive trend that pushed rates up to USD 8,423 which is an increase of nearly USD 465 compared to few weeks ago.
2700 TEU seems amongst the more stable segments at the moment with rates achievable in the region of USD 9,350 for a period of 12 months and, although in Asia lately number of fresh orders have slowed down a bit the situation is well balanced and these ships are still in good demand.

(6.10.2017) The New ConTex remains stable and during the last week as the index improved one point now to 401. Almost all segments move sidewards as they are just marginally up or down compared to last week.  This shows that the supply and demand is basically balanced at the moment. Even on a month on month basis the changes are less then 2% on almost all segments/sizes except the 1700 Teu geared size for the 12 months evaluation which improved 4,1%, i.e. usd 322 during the past month evaluation.

Obviously this weeks general activity was a bit slower due to national holidays in China, but as aforesaid  there has been no effect visible on the index evaluations during the past week. Now having entered the last quarter of the year it will be very interesting to see what the rest of the year will bring to all of us. A year ago the market during the month just before the Eisbein Dinner on the first Friday in November slightly lost a bit by 7 points (2,3%) on the Index, but at that time the New ConTex was about 90 points less to what we have now.

(15.09.2017) New ConTex gained another point week on week as all sectors held their ground. How long this will last for is in hot debate. Are the cracks beginning to show? Looking ahead as we approach October and certainly into November there is potential for a build up of unutilised tonnage especially in the 4250 TEU and 2500s - 2800 TEU segments. That said the post-panamax sector has seen significant firming over the past couple of months. With limited options charterers are paying up, for example “Northern Javelin” (8411/6680 TEU) was extended by Hapag Lloyd for 5-7 months at USD 17,950pd and “Crete” (6969/4930 TEU) was taken by ZIM for 4-6 months at USD 17,000pd, respectively representing 47% and 61% increases on sisters fixed two months ago.
The panamax-max sector has been very quiet for a couple of weeks but KMTC extended wide-beam “Clemens Schulte” (5370/3680 TEU) for 5-7 months at USD 14,500pd, the highest done since October 2015. Meanwhile the babypanamaxes remained stable with owners saying they will settle for low/mid USD 9000s which is in line with last week's fixtures. Evergreen extended a couple of Aker CS 2700s: "Pona" (2741/2116 TEU) for 5-7 months and sister "Cape Melville" for 2 months, both at USD 9,500pd. These periods give them the flexibility to dove-tail the delivery of their own newbuilds into their services and phase out chartered tonnage over the next few months.
1700s in the Atlantic and Mediterranean remains almost USD 1,000pd lower than 1700s for Caribs trades. 1100s in the Med and UKC are currently in the low/mid USD 6,000s. Activity in the small feeder sizes in the UKC remains finely balanced with owners generally succeeding in squeezing a few hundred dollars/euros increase from charterers for any extensions/new business.

(01.09.2017) The New ConTex Index has continued its positive development and gained additional four points week-on-week. In total the Index rose by 15 points in August and now stands with 394 points at a level close to the market benchmark of 400 points. Likewise 50% of the incurred losses, since the downward trend from this year’s peak level of 410 points set in in mid May, have been recovered.

The driving force behind this development is the healthy demand for Post-Panamax tonnage which was exceptionally developed throughout the summer months. The tonnage scarcity in the larger segments continues to stimulate rates for the smaller sizes.

Accordingly the 4,250 Teu segment has increased by another 4.8%/3.8% week-on-week or remarkable 22.4%/18.6% month-by-month for a 12/24 months evaluated charter period. Volatility for this vessel type however is notably pronounced this year. For units with a capacity between 2,500 Teu and 3,500 Teu and a charter period of 12 months the Index indicates a steady upwards trend with increases of 1% to 1.3% last week. Rates for the remaining segments move mainly sideways with gains below 1%. With the upcoming of the traditionally busy fall season the positive development of the New ConTex Index is expected to continue.

 

(25.08.2017) The New ConTex has risen for over two weeks. During this period it has increased by 11 points equaling almost 3%. While the former panamax size with approximately 4,250 TEU (type 4,250) has shown the strongest increment, its smaller sister (type 3,500) is the only vessel type displayed in the index which has not followed the positive trend observed in the past two weeks. This evolution is also displayed in the New ConTex development table below, indicating that the type 4,250 increased by 13.7% in a month-on-month comparison, while type 3,500 TEU decreased by 1.4%.

Overall the data reveals that the market level of the New ConTex´s vessel classes has risen by 21.9% in a year-on-year comparison. Thus, it reflects that the supply-demand gap has narrowed significantly in the past twelve months.

 

(18.08.2017) The Panamax segment contributed the most to this increase as owners benefitted from continued demand for extra loader tonnage and the very limited supply situation for larger tonnage.

After stagnating for a long time the 1100 TEU and 1700 TEU categories continued their recent positive trend with weekly increases of 1,1% and 0,7% respectively.

Despite the currently better supply and demand balance for ships in the 2500 / 2700 TEU sizes compared to 3500 / 4250 TEU ships, the premium for the two year period over the one year period of about 10% vs. about 20% indicates a stronger future development for the larger ships.

(11.08.2017) While it is still difficult to find the summer in Germany it is more or less the same in the container segment where the “usual summer break” did not really happened. Various sizes have seen a positive demand and charterers are invited to pay higher t/c rates.

As described last week already in the larger segments charterers appetite remains high and owners can sometimes choose between various opportunities. Also normal period lengths can be discussed which is compared to what we have seen a good signal.

Apart from the 4250 teu segment (plus 3,6%) also tonnage of around 1700 teu nominal has seen some positive trend with an increase of 1,4 percent.

 New Contex moved up by 2 points, now at 381.

 

(04.08.2017) Despite some minor drops in all New ConTex groups the Container Charter Market seems to have bottomed out during early August.

In the Post-Panamax segment (not listed in the New ConTex) there is no prompt tonnage available and rates are clearly on the rise. The demand for extra loaders trickles down to Wide-Beam Panamax and to conventional Panamax. The sentiment is changing already and next weeks figures are likely to show some upward trend in some segments.

The number of ships available for charter in the near future has shrunk significantly over the last weeks and the Alphaliner Idle numbers also show a rapid decrease.