Pressemitteilungen

(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.

 

 

(21.07.207) Although the integration of large newbuildings which is indirectly impacting the Charter Market, Owners remain hopeful that the continued tightening of prompt available ships will finally result in more substantial rate increases.

For the time being the New ConTex is drifting in all segments sideways on the same ratelevel as last week.

On a month on month basis there is a slight downward trend from 388 to 381 points with the biggest jump again reported in the 4250 TEU size of -8,9% for 12 month and -6.4% for 24 month followed by -5.3% for 12 month and -2.5% for 24 month in the 3500 teu segment.

The trend in the mid sizes becomes marginal with only -4.2% resp. -3.5% for 12 month and just -2.7% and -2.4% for 24 month for the 2700 and 2500 teu sizes and it has to be seen if this slight weakening is going to continue despite it looks as if only a view vessels in this segment coming available during the forthcoming weeks.

In the 1100 and 1700 teu segment there are no real reportable changes.


(14.07.2017) The market has slowed down a bit due the summer as historically tends to, the mood of operators seems a bit to be wait and see especially in the bigger segments. One of the segments that was mainly affected is the Panamax segment that is facing a downturn in the last weeks even though now it seems having reached a sort of stable level assessed around USD 7,300 for 12 months period. The 2800 TEU segment seems still stable in Asia where vessels are still managing to secure charterers at around USD 9k whereas in the Atlantic some spot tonnage are starting to build up and has to be seen how this will impact rates there.

In the smaller segment namely 1700 and 1100 the market has been moving sideways recently. In the 1100 the Atlantic is stronger than pacific whereas in the 1700 teu segment the situation is fairly similar, except for Caribs where the rates achievable seems to be higher.

Overall the situation is better compared to one year ago, especially because in Spring this year we saw a considerable rates increase shown in the New ConTex index accordingly in nearly all segments, especially 2,500-2,800-3,500 and 4,250

(09.06.2017) The New ConTex followed its trend of the last 2 weeks and dropped another 3 points during last week. The Index is now back below the 400 mark at 398 points, which we saw last in April this year (week 16).

Last week all the Week-on-Week rates were already in red, but at least some (2500 and 2700Teu) of the Month-on-Months rates still remained in black we saw that last week even these number slipped into red basis M-o-M.

Mainly all sizes basis W-o-W are just showing small decreases (around/less then 1%) and only the old Panamax size of 4250 Teu is down by more then 2% in both evaluations (12 mos and 24 mos). We do fear that the above mentioned trend may till continue as especially the old Panamax size may likely suffer further.

(26.5.2017) The New ConTex Index has lost ground for the first time this year, shedding 3 points to stand at 407. Whilst not unexpected because of the current weakness in the old panamax 4250 TEU class, it nevertheless comes as a small shock to those hoping the market would continue its upward trend even at a much slower pace that witnessed recently.

Although the 4250 TEUs have experienced the largest losses, being marked down 2.4% and 3.0% (24 months and 12 months respectively) since last week, all the sizes tracked by New ConTex have been marked lower. The 3500 TEUs have also begun to lose ground, contrary to the expectation of market watchers who had assumed that the scarcity of such units to the market would have maintained rate levels; unfortunately the demand for 3500 TEUs has fallen away sharply enough to overcome this scarcity. The 3500 TEUs have been marked 1.3% and 1.5% (24 months and 12 months respectively) since last week.