(23.12.16) The last week of New ConTex of the year 2016 did not show any (positive) surprises at all. Though it would have been desirable to see at least for some classes some improving rate figures, the parameters are not showing any room these days for a positive rate development.
As such the slightly descending trend, which has been lasting now since beginning of the year, also remains intact during the last week.
In detail: this week ended 2 points lower than the last week with an index level of 293 points. Levels like this we have seen so far only once – that used to be back in March 2010. It is worthwhile to mention that back then we have seen a charter hire level for the 1100 TEU ships, which is equal to today’s 12 months evaluation for the 4250 TEU PanMax-Segment. In order to have a memory of the full picture, back in early 2010, the 24 months evaluation of the 4250 TEU ships read about USD 13,800,-, i.e. more than twice the current amount. Amongst others a lot of things changed within the last six and a half years: one change is the amplitude of all the classes which went down from about USD 9,500,- from the biggest to the smallest class to today’s difference of USD 2,745,- only.
Stay strong and Merry Christmas!