(2.10.2015) The New ConTex continues its contraction this week and closes at 440 points, a 3.3% decrease from week 39. Compared to last month, the overall index lost 37 points, a 7.8% drop from 477. The Panamax segment encounters the strongest decline and loses USD 943 or 7.2% this week, basis 24 months. Based on a 12 months period, this segment is even reaching a USD 1.198 plunge which is equivalent to a negative 10.1% compared to last week.
The 2500 TEU segment lost another USD 220 (-2.5% w-o-w) and the 3500 TEU segment closed at USD 10.664 which is a further decline of USD 457 compared to last week. The smaller sizes seem less affected by the negative trend. Whilst the 1100 TEU is showing week on week changes of -2.0%, the 1700 TEU segment decreased by -1.9%.
The overall New ConTex is still at 18.3% above last year's performance, but in view of the general downward trend it remains unclear how long the market will stay above these levels.